A former AT&T employee name Alnoor Ebrahim founded guilty on Monday for sharing the company secrets mainly the sales figures for Apple’s iPhone to traders who uncertainly bought up shares on the basis of the information, reports Reuters. Ebrahim was part of a so-called expert-network ring where some employees of specialized firms
“I provided insider information concerning AT&T’s sales of Apple’s iPhone and RIM’s (Research In Motion Ltd (RIM.TO)) Blackberry products, as well as other handset set devices sold through AT&T distribution channels,” Ebrahim told U.S. District Judge Paul Oetken in Manhattan.
“We took this matter very seriously and cooperated fully with the authorities,” said AT&T spokesman Marty Richtman. “The conduct alleged was clearly against our code of business conduct, and Mr. Ebrahim is no longer an AT&T employee.”