US Seeks Israel’s Help In Mobileye Insider Trading Probe

November 20, 2017 | US authorities are seeking help from Israel in their investigation into insider trading surrounding the sale earlier this year of the Israeli-founded company Mobileye to Intel for a whopping $15.3 billion. The US Securities and Exchange Commission (SEC) petitioned the US District Court for the Southern District of New York to ask Israel investigators for testimony from four Israeli nationals suspected of the insider trading in the case, Haaretz reported. Mobileye founders Amnon Shashua and Ziv Aviram were questioned by SEC authorities earlier this year on suspicion of passing on non-public information about Intel’s offer to friends and acquaintances who are believed to have profited illicitly from the deal. They have denied the suspicions against them. Mobileye was founded in 1999 in Jerusalem by Shashua and Aviram and went public in 2014. It developed a warning system that alerts drivers of road hazards using software, cameras, and sensors.