iPod iNsider trading?

Nine bigwigs at Taiwan's Inventec Appliances could be headed to jail over allegations of insider trading– the executives allegedly failed to report lowered order numbers by Apple before dropping off $22.4 million worth of stock on the Taiwan Stock Exchange. Apparently, Apple decided to send more of its iPod order to China, and the executives reportedly knew in mid-January that the decision had been made to do so. But they didn't reveal the troubles until mid-March, at which point IA's stock tumbled, and the execs had already reportedly unloaded their stock.

In other executives and stock news, Jobsy picked up a few Apple shares this week– 120,000 for $5.75 a piece. The stock price has actually been dropping since around August 1st, but considering the price is right around $117 right now, Steve is sitting pretty– it's good to be the king. Apple says Jobs isn't selling at this time, though. Obviously– he's got to wait until the ultraportable shows up, right?

[via MacBytes]