Leaker who sold Blackberry info sentenced

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It’s always fun to look at leaks, speculate, pontificate and exaggerate upon them. That is, leaks for devices. Selling private information for investors to trade on before everyone else knows? That’s plain illegal. We don’t often talk about cases of this ilk, but it’s important that we keep in mind the ever-present underbelly of the industries we deal with.

60-year-old James Dunham, a former exec at a Verizon Wireless retail franchise, was sentenced to five months’ prison time, five months of home confinement afterward and a penalty of $76,000 on a charge of wire fraud. Dunham admitted he sold information to a Boston-based investment group about the wireless industry, including a 2013 sales report from Blackberry that sent stocks of BBRY tumbling. He also reported to the firm about inventory movements within his own stores. The firm based research papers from some of Dunham’s leaks.

Yep, leaks are a double-edged sword.

Source: Reuters
Via: Phone Arena

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About The Author
Jules Wang
Jules Wang is News Editor for Pocketnow and one of the hosts of the Pocketnow Weekly Podcast. He came onto the team in 2014 as an intern editing and producing videos and the podcast while he was studying journalism at Emerson College. He graduated the year after and entered into his current position at Pocketnow, full-time.