Ex-Amazon CFO’s husband pleads guilty in $1.4 million insider trading case
A Bothell, Wash., a man whose wife was formerly chief financial officer at Amazon, pleaded guilty to securities fraud for his role in an insider trading scheme involving the couple and another family member.
Viky Bohra, 36, admitted in US District Court in Seattle on Thursday that he used Amazon inside information he obtained from a relative to trade in Amazon stock, which made a profit of $1,428,264.
The Securities and Exchange Commission accused Bohra’s wife of having access to confidential information regarding Amazon’s income and expenses. Bohra obtained this confidential information and traded Amazon shares in accounts linked to him and his father, according to a press release.
As part of the plea deal, Bohra’s wife, who is no longer employed at Amazon, will not face criminal charges. Bohra also agreed to confiscate the proceeds of his trade in the United States. Securities fraud carries a maximum sentence of 25 years in prison and a fine of $250,000. Under the terms of the plea agreement, prosecutors will recommend a maximum sentence of 33 months in prison, according to the Justice Department.
Bohra was listed as a program manager at a Fortune 500 public technology company, and before that he worked as an engineer at two large public companies, a September court filing noted.
Bohra is expected to be sentenced on February 8.