Former Amazon finance manager Laksha Bohra charged with insider trading 

insider trading

Laksha Bohra, a former finance manager at Amazon, Inc. (NASDAQ: AMZN) has been charged with insider trading by the Securities and Exchange Commission (SEC).

Her husband, Viky Bohra, and father-in-law, Gotham Bohra were also named as defendants in the complaint, which was filed in the federal court in Seattle, Washington. 

According to the SEC, Bohra misused Amazon’s highly confidential information particularly its financial performance between January 2016 and July 2018.

The former Amazon finance manager allegedly shared the e-commerce giant’s financial performance with her family members before the scheduled public release of the information. 

Bohra’s family members traded AMZN securities based on the insider information she provided in 11 separate brokerage accounts maintained by different members of her family.

The SEC alleged that Bohra and her family made a total profit of approximately $1.4 million from illegal insider trading of AMZN shares.

According to the SEC, Bohra violated Section 10(b) of the Securities Exchange Act and  Rule 10b-5 thereunder.

Laksha Bohra ignored Amazon’s warning against insider trading

Bohra worked at Amazon’s Tax Department. She prepared and reviewed calculations and finalized projection numbers used in Amazon’s quarterly and annual earnings announcements that were filed with the SEC.