Husband of ex-Amazon CFO pleads guilty to $ 1.4 million insider trading case
In Bothell, Wash., A man whose wife was previously chief financial officer at Amazon, pleaded guilty to securities fraud for his role in an insider trading scheme involving the couple and another family member.
Viky Bohra, 36, admitted in Seattle U.S. District Court Thursday that he used Amazon inside information he obtained from a relative to trade in Amazon shares, which has made a profit of $ 1,428,264.
The Securities and Exchange Commission accused Bohra’s wife of having access to confidential information regarding Amazon’s income and expenses. Bohra obtained this confidential information and traded Amazon shares in accounts linked to him and his father, according to a press release.
As part of the plea deal, Bohra’s wife, who is no longer employed at Amazon, will not face criminal charges. Bohra also agreed to confiscate the proceeds of its transactions in the United States. Securities fraud carries a sentence of up to 25 years in prison and a fine of $ 250,000. Under the terms of the plea deal, prosecutors will recommend a maximum sentence of 33 months in prison, according to the Justice Department.
Bohra was listed as a program manager at a state-owned Fortune 500 tech company, and before that he worked as an engineer at two large state-owned companies, a September court filing noted.
Bohra is expected to be sentenced on February 8.