A former senior manager in Amazon’s tax department has been charged with insider trading by the Securities and Exchange Commission.
Laksha Bohra allegedly acquired confidential information while she prepared and reviewed calculations used to formulate Amazon’s quarterly and annual earnings filed with the SEC between January 2016 and July 2018, according to a news release from the agency on Monday.
Bohra is accused of tipping information about Amazon’s financial performance to her husband, Viky Bohra. The complaint alleges that Viky Bohra and his father, Gotham Bohra, traded on the information in 11 separate accounts maintained by different members of the Bohra family.
Laksha Bohra is also said to have “disregarded quarterly reminders prohibiting her from passing material nonpublic information or recommending the purchase or sale of Amazon securities.” The family allegedly made $1.4 million in profits from the unlawful trading.
“We allege that the Bohras repeatedly and systematically used Amazon’s