Seattle (KONP Staff) – A 36-year-old Bothell man pleaded guilty today in U.S. District Court in Seattle to securities fraud for insider trading activity.
VIKY BOHRA admits that between 2015 and 2018, he used Amazon inside information he obtained from his relative to place trades in Amazon stock–making a profit of nearly $1.5 million.
BORHA’s relative worked in the Amazon Finance Department and had access to confidential information regarding Amazon revenue and expenses.
As part of a plea agreement, BOHRA agrees to forfeit the proceeds of his trades to the United States.
BOHRA’s relative, who no longer works at Amazon, will not face criminal charges.
Securities Fraud is punishable by up to 25 years in prison and a $250,000 fine.