Securities
Feb. 21, 2024
Oakland man sentenced to 6 months in prison for insider trading
Dileep Kumar Reddy Kamujula acknowledged that he used information provided by a cousin who worked at a cloud communications company to make trades during the pandemic.
A relative of an employee at cloud communications company Twilio Inc. was sentenced Friday to serve six months in a federal prison for insider trading.
Oakland resident Dileep Kumar Reddy Kamujula was also ordered by U.S. District Judge Jon S. Tigar to forfeit $130,369. United States v. Kamujula, 4:22-CR-00131, (N.D. Cal. filed Mar. 24, 2022)
In a plea agreement with prosecutors, Kamujula admitted that between April 9 and April 30 in 2020, he used confidential Twilio cust...
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