Spouse of ex-Amazon Employee Gets 26 Months for Insider Trading
The husband of a former Amazon finance employee was sentenced to 26 months in federal prison for insider trading of Amazon stock, said DOJ Thursday. Viky Bohra, 37, of Bothell, Washington, pleaded guilty to using inside information he got from…
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his wife to place trades in Amazon stock, netting himself a $1.43 million profit, said prosecutors. By relying on “material, nonpublic information provided” by his wife, Bohra “misappropriated the confidential information of Amazon relating to its internal financial condition” and converted it to his “own use and benefit,” says his Nov. 5 plea agreement (in Pacer, case 2:20-cr-00165). He illegally traded during the "blackout" period before each of Amazon’s quarterly earnings announcements for Q4 in 2015 through Q2 in 2018, it said. DOJ under terms of the plea deal agreed not to prosecute Bohra’s wife, identified in court papers only as "R," his “immediate relative.” Prosecutors didn't identify her Thursday, saying only she no longer works for Amazon. Efforts to reach Bohra’s lawyers Friday were unsuccessful. Amazon didn’t comment.