Chris Dolmetsch, Bloomberg:

A former Apple Inc. lawyer was released on a $500,000 bond after entering a not-guilty plea to insider-trading charges.

And:

Apple fired Levoff in September after placing him on leave two months earlier, according to a filing in a related lawsuit by the Securities and Exchange Commission. Over his decade-long career at Apple, he was one of the most senior executives, reporting directly to the general counsel.

Amazing watching this unfold. Apple must think he’s guilty as charged. They fired him.

From the original breaking story from last week:

Levoff, who until last year was Apple’s senior director of corporate law, repeatedly traded on non-public revenue-and-earnings filings dating back to 2011, the Securities and Exchange Commission and federal prosecutors said Wednesday. The illegal investments led to about $227,000 in profits, while allowing him to avoid $377,000 of losses.

Such a small gain, relative to what he must have lost in salary and bonuses, not to mention the lost future with Apple.

Incredible.