Wireless executive who passed confidential information about BlackBerry to an analyst, gets jail time

Wireless executive who passed confidential information about BlackBerry to an analyst, gets jail time
A wireless executive, who was paid $2000 a month by an investment house analyst to keep tabs on the industry, has been sentenced to five-months in prison followed by another five months of home confinement, by U.S. District Judge Douglas Woodlock. James Dunham, former COO of Wireless Zone, entered into an agreement with Boston based financial firm Detwiler Fenton in 2010. In return for $2000 a month, Dunham agreed to turn over confidential information from wireless firms to Detwiler analyst Jeff Johnston. The company that Dunham used to work for, Wireless Zone, owns 400 units that are third party resellers for Verizon Wireless. Dunham pled guilty to wire fraud last June.

Dunham allegedly told Detwiler Fenton's Johnston in April 2013, that returns of the BlackBerry Z10, the first handset powered by BlackBerry 10, were exceeding sales. Detwiler Fenton released a report with that information and BlackBerry's shares plummeted 7%. BlackBerry denied the report and asked regulators to investigate. Prosecutors did find out that among Wireless Zone stores, BlackBerry Z10 returns were coming in at a higher rate than sales, but it is unknown if that comment was true for all stores in all regions where the handset was offered at the time.

Back in April 2013, we noted that Detwiler Fenton had been very bearish on BlackBerry. BlackBerry's CEO at the time, Thorsten Heins, also smelled something fishy, requesting that the Ontario Securities Commission and the SEC in the U.S. both investigate. We left numerous calls with Detwiler Fenton back in 2013, none of which were returned.

BlackBerry eventually noted that returns of the Z10 were running at a normal rate.

source: Reuters

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Z10
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  • Processor Qualcomm Snapdragon S4 Plus, Dual-core, 1500 MHz
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  • Battery 1800 mAh(10h 3G talk time)

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99 Comments

1. Mxyzptlk unregistered

Sounds like blackberry got a little salty?

2. Johnnokia

Posts: 1158; Member since: May 27, 2012

This is the court decision, and I guess he caused huge harm to the company and shareholders, though what he said was true!

7. meanestgenius

Posts: 21453; Member since: May 28, 2014

BlackBerry didn't get salty. They were justified in their actions. What happened was not only a very serious offense, it was illegal. Had this happened to Apple, you'd be screaming bloody murder and you know it.

14. Mxyzptlk unregistered

Don't get your panties in a twist. I was making an observation. Stop being so defensive.

16. meanestgenius

Posts: 21453; Member since: May 28, 2014

You weren't making an observation, you were trolling as usual. You're just getting your thongs twisted all up your butt because I called you out on it. Why don't you either stop trolling so you won't get called out on it, or man up to your trolling and except the fact that I'm going to call you out on it.

23. Mxyzptlk unregistered

You call out everyone who invades your territory. Again stop getting your panties in a twist. Just because someone makes a comment you disagree doesn't mean they're trolling.

25. meanestgenius

Posts: 21453; Member since: May 28, 2014

This isn't my "territory". And you can try and paint it any way you like, saying "sounds like BlackBerry is getting a little salty" is trolling. Should they have just rolled over and let it happen? Absolutely not. You're just saying this because it's BlackBerry. If this were Apple, you would be screaming foul to the high heavens until you got justice. As I said, if you don't want to be labeled a troll, then stop trolling. If not, prepare to get your thongs bunched up in your butt a whole lot when you get called out on it.

30. Mxyzptlk unregistered

If this isn't your territory then why are you always jumping down someone's throat whenever you disagree with them? It's either that or your condescending comments. I could say the same about you and your mad blackberry love.

38. meanestgenius

Posts: 21453; Member since: May 28, 2014

Let's get real here: I come at anyone on any article that spews BS and FUD, not just BlackBerry articles. I've taken you to task on Apple related articles and Android ones plenty of times. It has nothing to do with agreeing with me. But if you post BS, I will ask you to back it up. You and your lover Kame usually just troll for attention, and can never back up your posts with links. It's a public forum. If you don't want someone to respond to what you post, then don't post on a public forum. If you don't like my comments, I couldn't care less. You're free not to read them.

40. Mxyzptlk unregistered

Funny I've asked you to back up your crap many times before but you usually dodge and ignore it like you always do. I don't care about you responding lol. I'm just calling you out on your hypocrisy. Kinda hard to avoid the stench of bs.

45. meanestgenius

Posts: 21453; Member since: May 28, 2014

More BS you're spewing. I always back up what I say with verifiable links. You always talk crap and then run away when the conversation proves you wrong. Typical Mxy coward move. And as I said, it's hypocritical for you, the king of hypocrites, to call anyone a hypocrite.

54. Mxyzptlk unregistered

I have seen PA post verifiable links regarding blackberry but you still go on the attack and cry misinformation. You're the coward who always hide behind questions whenever you get called out. Pot calling the kettle black.

60. meanestgenius

Posts: 21453; Member since: May 28, 2014

I call BS. I've posted links to counter their links when there was misinformation in them. Like in this article here: http://www.phonearena.com/news/Indonesia-abandons-BlackBerry_id62523/comments/page/2 Post #137 (my post) clearly lists a link to counters PA's link. So as I always have stated, I ALWAYS post links to back up what I say. You spew BS and FUD and then run like the coward you are when confronted. You are the kettle smoking the pot.

67. Mxyzptlk unregistered

Apparently you didn't understand my comment or you just have selective reading. Stay off the pot and maybe you'll be able to pay attention for once.

73. meanestgenius

Posts: 21453; Member since: May 28, 2014

Apparently you're so illiterate that YOU don't even understand what I posted. Perhaps you shouldn't have dropped out of school at the tender age of 7, then you'd be able to understand what I type.

78. Mxyzptlk unregistered

Good thing I graduated school. Not my fault you're not keeping up. Maybe you should try Hooked on Phonics.

82. meanestgenius

Posts: 21453; Member since: May 28, 2014

You didn't graduate from school. You dropped out when you were seven. You were then homeschooled in "how to be a troll", "stalking" and "proving you need someone else to justify your own pointless existence on the weekend".

87. Mxyzptlk unregistered

Sure you aren't mistaking me for yourself, princess?

92. meanestgenius

Posts: 21453; Member since: May 28, 2014

Now you know I just ran down your life's history up to this point. Don't try and deny it now.

97. Mxyzptlk unregistered

Big talk coming from someone who failed kindergarten.

102. meanestgenius

Posts: 21453; Member since: May 28, 2014

Recycling what I said. Predictable. See comment #95.

50. Kame_Hame_Haaaaa

Posts: 360; Member since: Jul 29, 2015

He likes little girl who must end everything with her voice.

53. meanestgenius

Posts: 21453; Member since: May 28, 2014

Says the hypocrite who keeps on responding. What hypocrisy.

55. Mxyzptlk unregistered

Lol got em.

61. meanestgenius

Posts: 21453; Member since: May 28, 2014

Your nickname must be J. Rider.

68. Mxyzptlk unregistered

Is that what Chen the Hen calls you lol?

74. meanestgenius

Posts: 21453; Member since: May 28, 2014

No, that's what Tim Crook calls you. And it's much more fitting, considering the "nature" of things for the both of you.

79. Mxyzptlk unregistered

You're not good at insults. I can see you continue to recycle what I say. Or is Chen keeping you on a leash?

83. meanestgenius

Posts: 21453; Member since: May 28, 2014

And you think those lame, "you've said all before about a million times" responses are insults? Little girl, please. Get some new material, Michelle. Perhaps if you got up from in front T. Cook every once in a while, you'd learn something new. Now watch you respond with calling me some type of female, etc, etc...

88. Mxyzptlk unregistered

"Perhaps if you got up from in front T. Cook every once in a while, you'd learn something new." I'm sorry Grammar Cop but was that sentence supposed to make sense? Lol you're losing your edge, princess.

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