Walter Shimoon, a former technology executive at Apple supplier Flextronics has pleaded guilty to charges of conspiracy to commit wire fraud and security fraud after allegedly leaking details regarding Apple’s plans for an unreleased iPhone and the then-unannounced iPad, reports “The New York Times” (http://macte.ch/Hbihy)
He pled guilty at a court in Manhattan, making him the 12th person who has submitted guilty pleas in a federal sting cracking down on alleged insider trading stemming from expert network firms, the article adds. Shimoon pled guilty to two counts of conspiracy to commit wire fraud and one count of security fraud. Among the secrets he was accused of leaking were actual and forecast sales figures for iPhones and iPods in the third and fourth quarters of 2009.