DOJ Reports Guilty Plea in Insider Trading of Netflix Stock
A Bellevue, Washington, man pleaded guilty Wednesday to charges he netted more than $1.5 million in profits from insider trading of Netflix stock, said DOJ. Junwoo Chon, 50, is one of four men charged in the scheme that allegedly involved…
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
two former Netflix software engineers illegally providing proprietary subscriber data in advance of Netflix’s quarterly earnings announcements, said DOJ. Chon is scheduled for sentencing Dec. 3 before U.S. District Judge Richard Jones in Seattle. Efforts to reach Chon’s attorneys for comment Thursday were unsuccessful.