Arrow-right Camera
The Spokesman-Review Newspaper

The Spokesman-Review Newspaper The Spokesman-Review

Spokane, Washington  Est. May 19, 1883
Partly Cloudy Day 48° Partly Cloudy

Washington man admits to insider trading of Amazon stock

UPDATED: Fri., Nov. 6, 2020

Associated Press

Associated Press

SEATTLE – A Washington state man has pleaded guilty to using inside information from a relative who previously worked for Amazon to make profitable stock market trades.

Viky Bohra, 36, pleaded guilty to securities fraud in U.S. District Court on Thursday and is scheduled to be sentenced on Feb. 8, 2021, said U.S. Attorney Brian Moran.

Bohra of Bothell admitted that between 2015 and 2018 he used Amazon inside information he obtained from his relative to place trades in Amazon stock, making a profit of $1.4 million, Moran said.

Bohra’s relative had worked in the Amazon Finance Department and had access to confidential information about Amazon revenue and expenses, Moran said.

As part of the plea agreement, Bohra agreed to forfeit the proceeds of his trades and the relative will not face criminal charges. That person no longer works at Amazon, Moran said.

Securities Fraud is punishable by up to 25 years in prison and a $250,000 fine.

The Spokesman-Review Newspaper

Local journalism is essential.

Give directly to The Spokesman-Review's Northwest Passages community forums series -- which helps to offset the costs of several reporter and editor positions at the newspaper -- by using the easy options below. Gifts processed in this system are not tax deductible, but are predominately used to help meet the local financial requirements needed to receive national matching-grant funds.

Active Person

Subscribe to the Coronavirus newsletter

Get the day’s latest Coronavirus news delivered to your inbox by subscribing to our newsletter.