https://www.eastbaytimes.com/2024/01/04/pleasanton-fremont-men-sentenced-to-prison-over-insider-trading-of-tech-stocks-among-friends/

Two Bay Area men are going to prison for an insider-trading scheme among friends who traded illegally on tips from the former information-security chief at San Jose technology firm Lumentum.

Srinivasa Kakkera of Pleasanton, 48-year-old former Adobe head of engineering and artificial intelligence, was sentenced Wednesday to a year and a half in federal prison. Abbas Saeedi of Fremont, owner of a Newark tax preparation business, received a five-month sentence. The pair were among a group of friends who learned valuable, non-public information from former Lumentum chief information security officer Amit Bhardwaj of San Ramon, sentenced earlier to two months in prison for his role in the scheme.