Husband of CFO pleads guilty to insider trading

FILE PHOTO: The Amazon logo can be seen at a logistics center in Lauwin-Planque, northern France, April 22, 2020. REUTERS / Pascal Rossignol / File Photo

(Reuters) – The husband of a former chief financial officer of Inc who leaked confidential information about the online retailer’s financial performance pleaded guilty on Thursday to an insider trading charge, the US Department said of Justice.

Prosecutors said Viky Bohra, 36, of Bothell, Wash., Pleaded guilty to securities fraud, admitting that from 2015 to 2018 he used advice provided by his wife Laksha to make $ 1.43 million of illegal profits by trading in Amazon shares.

Authorities said Laksha Bohra took advantage of his work as a senior manager in Amazon’s tax department to tip, despite repeated warnings against the leak of confidential information.

Viky Bohra then used the advice to make successful trades ahead of Amazon’s earnings announcements, through accounts linked to him and his father Gotham Bohra, authorities said.

A lawyer for Viky Bohra did not immediately comment.

Under a plea deal, prosecutors will recommend that Viky Bohra serve no more than 33 months in prison and agree that Laksha Bohra will not face criminal charges.

Viky Bohra faces conviction on February 8, 2021 before U.S. District Judge James Robart in Seattle, where Amazon is based.

The Bohras settled civil charges related to the U.S. Securities and Exchange Commission in September by agreeing to forgo trading profits and pay combined fines of $ 1.11 million.

Report by Jonathan Stempel in New York; Editing by Stephen Coates

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