NEW YORK — Secrets about Apple’s iPhone were among insider-trading tips that led to the arrests Thursday of three employees at public companies and a sales executive at a California expert-networking firm, authorities said as they boosted to six the arrests in a wide-ranging Wall Street insider-trading probe.
U.S. Attorney Preet Bharara portrayed James Fleishman, 41, a networking executive who worked at Mountain View, Calif.-based Primary Global Research, as central to the scheme that led to the latest arrests.
A criminal complaint filed in U.S. District Court said some tips resulted from inside information that was shared about highly confidential Apple sales-forecast information, new product features for the iPhone and a top-secret project known internally at Apple as “K48,” which became the iPad, launched this year.
Others charged were Mark Anthony Longoria, 44, of Round Rock, Texas; Walter Shimoon, 39, of San Diego; and Manosha Karunatilaka, 37, of Marlborough, Mass. The Associated Press
