insider trading allegations. Inventec, who plays a major role in the manufacturing of Apple's iPod, was raided yesterday as Banciao prosecutors began "looking for evidence to support charges of alleged insider trading." Apparently, officials have "reliable information that upper management manipulated the company's stock price," and after the initial sweep was completed, a whopping 22 individuals were captured for questioning. Of course, spokespersons for the firm are adamant that the probe won't effect operations, but considering that a faithful janitor could be running the supply chain in the interim, you never know what mayhem could ensue.
iPod manufacturer gets questioned on insider trading
All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.