The blockbuster insider trading case that shook Silicon Valley and Wall Street on Thursday likely gave Steve Jobs, Apple’s famously secretive CEO, a healthy case of heartburn this morning.
Four people were arrested on charges of leaking tech secrets to hedge funds–including details about Apple’s iPad months before Jobs took the tablet computer onstage with him to formally show off to the world.
According to the complaint, in October of last year, Walter Shimoon — who worked for Apple supplier Flextronics — was recorded in a phone conversation leaking information that tech geeks around the world lust for.
The complaint said that in 2009 Apple informed Flextronics about a “highly secretive project being developed that was internally known at Apple as ‘K48′”– which turned out to be the iPad.
Snippets from Shimoon’s taped phone conversation, as laid out in the complaint: