AT&T exec admits leaking iPhone, other mobile, information

att exec admits leaking iphone other mobile informationA former AT&T executive has plead guilty to charges of insider trading, admitting that he was part of an alleged “expert-network ring” that shared corporate secrets with hedge fund consultants who’d pass the information onto clients and investors.

The executive is 57-year-old Alnoor Ebrahim, who told US District Hudge Paul Oetken today that he “provided insider information concerning AT&T’s sales of Apple’s iPhone and RIM’s BlackBerry products, as well as other handset set devices sold through AT&T distribution channels.” Ebrahim plead guilty to one count of conspiracy to commit wire and securities fraud, and is expected to face a maximum sentence of two years in prison after a plea agreement with prosecutors.

Ebrahim’s involvement in the expert-network ring came to light as part of another investigation on behalf of an ongoing crackdown of insider trading; he was initially identified in court papers by James Fleishman, who was himself imprisoned last year on conspiracy charges. He’s also not the only executive to admit to leaking information about Apple product; earlier this year, an unidentified Goldman Sachs employee was accused of doing that same thing to a hedge fund manager. Curiously enough, both that case and Ebrahim’s came to light as a result of another investigation, this time into former Goldman Sachs board memner Rajan Gupta. Gupta himself isn’t related to any Apple leaks that anyone knows of to date – he’s been investigated for possible leaks about his own company and Proctor & Gamble – but apparently, he’s very Apple-adjacent.

For its part, AT&T is responding with an appropriately responsible, shocked tone. “We took this matter very seriously, and co-operated fully with the authorities,” company spokesman Marty Richman told Reuters, adding that “the conduct alleged was clearly against our code of business conduct, and Mr. Ebrahim is no longer at AT&T employee.”

Mobile

Rekindled yet again, Nokia’s next-gen phones offer more than just nostalgia

HMD Global, a startup that designs and builds Nokia Android smartphones, wants to put the Nokia brand name back “where it belongs.” It helps that it’s made up of ex-Nokia employees. We go behind the scenes to see how HMD formed.
Mobile

Huawei in for a rough year as feds investigate alleged trade secrets theft

Huawei is also facing issues in the U.S., but it doesn't seem like that will end any time soon. According to a new report, the company is facing a federal investigation in the U.S. for allegedly stealing trade secrets.
Home Theater

The best movies on Netflix in December, from 'Buster Scruggs’ to 'Roma'

Save yourself from hours wasted scrolling through Netflix's massive library by checking out our picks for the streamer's best movies available right now, whether you're into explosive action, witty humor, or anything else.
Movies & TV

The best shows on Netflix, from 'Haunting of Hill House’ to ‘Norsemen’

Looking for a new show to binge? Lucky for you, we've curated a list of the best shows on Netflix, whether you're a fan of outlandish anime, dramatic period pieces, or shows that leave you questioning what lies beyond.
Movies & TV

Apple’s first original feature film reunites Bill Murray, Sofia Coppola

The Lost in Translation team of Sofia Coppola and Bill Murray will reunite with their A Very Murray Christmas collaborator Rashida Jones for On the Rocks, Apple and studio A24's first official feature together.
Mobile

We tried all the latest and greatest smartphones to find the best of 2019

Smartphones are perhaps the most important and personal piece of tech on the planet. That’s why it’s important to pick the best phone for your individual needs. Here are the best smartphones you can buy.
Mobile

Apple’s iPhone battery offer was reportedly way more popular than expected

As many as 11 million iPhone owners reportedly made use of Apple's cheaper battery replacement offer that launched in 2018 in response to the iPhone throttling debacle — some 10 times more than the company had apparently expected.
Mobile

On a budget? We found the best affordable smartphones you can buy

Here are the best cheap phones for anyone working with a tight budget, whether you're a fan of stock Android or marathon battery life. Find out what you can get for under $500 or far, far less as we round up the best budget smartphones.
Mobile

Unleash your inner artist with the best drawing apps for the iPad Pro

The best drawing apps for the iPad Pro turn Apple's robust tablet into a canvas worthy of a true artist. Here are 20 of our current favorites, whether you're looking to keep things simple or take your art to the next level.
Computing

Should you buy the affordable MacBook Air, or is the MacBook Pro worth the price?

Though they both share Retina Displays and similar keyboards, there are still some specs differences and other changes that differentiate the new 2018 MacBook Air and MacBook Pro. In this guide, we stack the two up against each other.
Mobile

C you soon? Rumors swirl of a USB-C port on 2019 iPhones

While it's not been long since the last iPhones launched, rumors for the next iPhone are already surfacing. Apple's 2019 flagship could include a variety of upgrades ranging from a new design to enhanced features.
Mobile

Biometric phone unlocks can’t be forced by feds, says U.S. judge

Fingerprint and face unlocks used to not be protected by the Fifth Amendment, but that may soon change. A judge in California has ruled biometric unlocking methods of all kinds are protected in the same way as passcodes.
Apple

Apple may be developing a new iPod Touch to woo younger users

Apple may be developing its first new iPod touch model since 2015 as it aims to capture younger users who are not yet ready for their own smartphone, and expand its overall listening base in the future.
Mobile

The iPhone XS Battery Case's battery has a smaller capacity than previous cases

Apple has been rumored to be working on a new iPhone battery case for the iPhone XS, iPhone XS Max, and iPhone XR. Now, those new cases are finally here, offering seven hours of extra use for each iPhone and are available for $129.