Husband of former CFO pleads guilty to insider trading

FILE PHOTO: Amazon’s logo is 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 a charge of insider trading, the department said American Justice.

Prosecutors say Viky Bohra, 36, of Bothell, Washington, pleaded guilty to securities fraud, admitting that from 2015 to 2018 he used advice provided by his wife Laksha to earn $1.43 million illegal profits by trading Amazon shares.

Authorities said Laksha Bohra used his job as a senior executive in Amazon’s tax department to provide the advice, despite repeated warnings against leaking confidential information.

Viky Bohra then used the tips 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 had no immediate comment.

Under a plea agreement, 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 sentencing on February 8, 2021 before U.S. District Judge James Robart in Seattle, where Amazon is based.

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

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

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