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Man faces 30 years in jail for leaking iPad secrets

A man in the US faces up to 30 years in prison after pleading guilty to leaking secrets about upcoming Apple gadgets, including the original iPad and iPhone 4.

A man in the US faces up to 30 years in prison, having pleaded guilty to accusations that he leaked information about Apple products prior to their official launch, The Financial Times reports.

Walter Shimoon said he leaked secret information on the then-unreleased first-generation iPad to industry figures, in a case of Wall Street-style insider trading. Information about the iPhone 4 was also divulged, according to prosecutors, with Shimoon leaking the fact that Apple's new phone would have two cameras.

Shimoon worked at Flextronics International, which supplies components to Apple and other tech companies, so he had inside knowledge of what the Cupertino tech giant was cooking up. He earned himself a tidy $27,000 (£16,900) by passing along insider information, and was arrested in December last year.

Prosecutors allege Shimoon told industry types that Apple was working on a new product that would be released in December 2009, code-named 'K48.' K48 referred to the iPad, which was announced in January 2010.

According to taped calls, Shimoon said that, at Apple, you could get fired for mentioning K48 "outside of a meeting that doesn't have K48 people in it. That's how crazy they are about it". 

Shimoon will be sentenced in July 2013. If you're privy to any information on the upcoming iPhone 5 or iPad 3, you might want to keep it under your hat.