An Indian American IT professional has been convicted of four counts of securities fraud in California for using a publicly traded company’s confidential inside information about its financial performance to trade in the company’s securities. The illicit profit from this fraud is estimated to be $7.3 million.
A federal jury convicted a former IT professional at multiple Silicon Valley technology firms, Sivanarayana Barama, of four counts of securities fraud for using a publicly traded company’s confidential inside information about its financial performance to trade in the company’s securities.
Twitter’s new owner Elon Musk has dissolved the company’s board of directors after his takeover of the microblogging platform.
