Bothell woman charged with insider trading at Amazon

The former manager in the company’s tax division will pay back the stock gains, penalties and interest.

Associated Press

SEATTLE — The U.S. Securities and Exchange Commission filed a lawsuit Monday against an Amazon finance manager accused of leaking confidential company information to family members, allowing them to make nearly $1.4 million by trading based on insider tips.

Laksha Bohra, a former manager in Amazon’s tax division who lives in Bothell; her husband, Viky Bohra; and father-in-law Gotham Bohra have agreed to pay back the stock gains, as well as another $1.2 million in penalties and interest, The Seattle Times reported.

The U.S. attorney also filed criminal charges against Viky Bohra. A spokesperson for the U.S. attorney’s office declined to comment to the newspaper about the fact that no other family members were criminally charged.

“Vik Bohra deeply regrets this conduct, accepts full responsibility, and intends to promptly repay the funds,” lawyer Peter Offenbecher said in a statement. An attorney for Laksha Bohra declined to comment. Gotham Bohra could not be reached.

Laksha Bohra, the SEC’s civil complaint alleged, ignored reminders from Amazon not to divulge confidential financial information or to illegally trade in the company’s securities based on her knowledge about the company’s financial position.

Between 2016 and 2018, Viky and Gotham Bohra “regularly” traded in Amazon securities based on confidential insider information from Laksha Bohra, the complaint said.

While vacationing in Europe in 2018, for example, Laksha Bohra logged into Amazon’s network to view the company’s preliminary first-quarter earnings statements. The same day, Viky and Gotham Bohra purchased options to buy Amazon shares at a specified price, the complaint alleged. The shares rose after the earnings report — by 3.6% in one day, netting the Bohras nearly $600,000 in profit on the stock trades.

Amazon declined to respond to questions about how it prevents insider trading, or whether officials were aware of the alleged acts by Laksha Bohra when the company suspended her employment in October 2018.

Talk to us

More in Herald Business Journal

MyMyToyStore.com owner Tom Harrison at his brick and mortar storefront on Tuesday, Sept. 6, 2022 in Everett, Washington. (Olivia Vanni / The Herald)
Near-death experience planted seeds for downtown Everett toy store

Former attorney Tom Harrison survived 9/11. It caused him to ask what’s important in life. Today, he runs MyMyToyStore.

Sean Jones, membership executive of Everett's Freedom Boat Club, helps club member Carolyn Duncan load equipment onto her boat before she and a friend head out crabbing onThursday, Aug. 11, 2022, at the Port of Everett in Everett, Washington. (Ryan Berry / The Herald)
New Everett franchise offers boats at Everett Marina

Freedom Boat Club’s newest Washington location is in Everett, with six boats available to its members.

Devin Ryan, left to right, talks with Donald Whitley and Drew Yager before a test ride at Bicycle Centres Wednesday in Everett, Washington on August 24, 2022.  (Kevin Clark / The Herald)
New hands take the handlebars for Bicycle Centres

Longtime employees Devin Ryan, Aron Chaudiere and Ryan Brown bought the business that’s been around since 1976.

A truck drives past a sign displaying fuel prices on Friday, Sept. 2, 2022 in Arlington, Washington. (Olivia Vanni / The Herald)
Diesel prices stay high for truckers, farmers

Gas prices have fallen steadily this summer, but diesel costs have started to climb again.

FILE - Test engineer Jacob Wilcox pulls his arm out of a glove box used for processing sodium at TerraPower, a company developing and building small nuclear reactors, Jan. 13, 2022, in Everett, Wash. A major economic bill headed to the president has “game-changing” incentives for the nuclear energy industry, experts say, and those tax credits are even more substantial if a facility is sited in a community where a coal plant is closing. Bill Gates' company, TerraPower, plans to build an advanced, nontraditional nuclear reactor and employ workers from a local coal-fired power plant scheduled to close soon. (AP Photo/Elaine Thompson, File)
Everett nuclear research facility gets $750 million infusion

Bellevue’s TerraPower, which operates an Everett facility, got a hefty investment to fund research.

Logo for news use featuring Snohomish County, Washington. 220118
Business briefs: Leadership Snohomish County names new executive director

Plus a new short-term, career programs at Edmonds College, state grants for small businesses and more.

Tim Leonard, owner of the Machine Shop, is closing the arcade this fall. (Photo by David Welton)
Arcade owner to pull plug on beloved Whidbey Island business

Tim Leonard, owner of the Machine Shop in Langley, recently decided he’ll call it quits this fall.

Jennifer Sadinsky is the owner of Grayhorse Mercantile, one of Langley’s newest stores. (David Welton)
Shopkeeper brings taste of Europe to Whidbey Island

A first-time business owner’s dream of opening a cheese shop became a reality this year.

Eviation's all-electric plane in flight Tuesday morning in Moses Lake, Washington, on Sept. 27, 2022. (Eviation)
Arlington’s all-electric plane, Alice, takes first test flight

Eviation Aircraft’s battery-powered plane logs successful first flight from Grant County International Airport in Moses Lake.

At two stores – in Edmonds and Renton – Wide Shoes Only store owner Dominic Ahn offers more than 600 styles of shoes for people with wide feet. (Kevin Clark / The Herald)
These Edmonds and Renton shoe stores could change your life

Wide Shoes Only: Huge selection, expert fitting and superior customer service

Amber Weaver, who has worked at the Lakewood Crossing Starbucks for 5 years, with her daughter Melody, outside of her workplace on Thursday, Sept. 22, 2022 in Marysville, Washington. (Olivia Vanni / The Herald)
Complaint accuses Starbucks of anti-union threats in Marysville

Meanwhile, a mother of two said Thursday that Starbucks refused to accommodate her schedule when she returned from maternity leave.

Snoop Dogg in a video announces the opening of 'Tha Dogg House' in January 2023. (Screenshot).
Dogg toyz: Funko, rapper Snoop Dogg greenlight new retail venture

“Tha Dogg House” opening next year in Inglewood, California, will be Funko’s third U.S. retail store.