The charges stemmed from a scheme in which investigators said Khan received sales and financial information from a friend who at the time worked in Ross's finance department. Officials said Khan used the confidential information to illegally buy and sell securities on the NASDAQ stock exchange ahead of Ross's public announcements of sales performance figures.
Khan also admitted he paid $130,000 to the Ross Stores "tipper" through third parties, and that he also bought items for that person.
Prosecutors said Khan received the information starting in July 2009 and ending in October 2012. At least nine such transactions using that information were recorded, the first in October 2011 and the last in August 2012, according to the Department of Justice.
Khan faces a maximum of 25 years in prison and a $250,000 fine for each of the 10 counts. He is scheduled to return to the Oakland court on June 24.
In other news
* Alameda County District Attorney Nancy O'Malley and Clear Channel Outdoor recently unveiled a public awareness campaign designed to heighten community awareness about human trafficking, mobilize the public and offer assistance to victims.
O'Malley said her office and Clear Channel have collaborated for many years to deliver important messaging about human trafficking to communities throughout Alameda County and the greater Bay Area.
She said January was National Human Trafficking Awareness Month, so it was a time for a renewed sense of determination and action aimed at stopping the commercial sexual exploitation of children and teens and the commercial labor exploitation of workers.
O'Malley said the 2019 public awareness campaign consists of billboards and bus shelters visible in neighborhoods and from roadways throughout the county.
She said the billboards present a stark reminder that the Bay Area remains a hotspot for the commercial sexual exploitation of children and teens, while the bus shelters message directly to individuals who are at risk or are currently trafficked for sex or labor.
"My office continues to work tirelessly to put an end to these dangerous and exploitative criminal enterprises," O'Malley said in a statement.
O'Malley said, "We are dedicated to prosecuting offenders and protecting and assisting victims. At the same time, it is vital to maintain a community focus on the fact that these crimes happen here, in our cities, and to our children, neighborhoods and loved ones."
Bruce Qualls, the vice president for public affairs for Clear Channel Outdoor's San Francisco office said, "We are honored to continue using our media to assist in the District Attorney's efforts to rescue these nearly defenseless victims of exploitation."
Qualls said, "Using this highly visible form of media, we'll continue sending a clear message to victims that help is available and to traffickers that they will be prosecuted."
O'Malley said her office is a leader in the state and the nation in addressing and prosecuting human trafficking cases and in enabling victims to escape exploitation.
She said that over the past dozen years, her office has prosecuted more than 650 defendants for human trafficking-related offenses, with an 82% success rate.
O'Malley said her office currently has active cases against 48 defendants charged with human trafficking and related offenses.
Those wishing to report human trafficking can call the National Human Trafficking Resource Center's 24-hour hotline at 1-888-373-7888 or text "BeFree" (233733).
* Sixteen months after the mass shooting at a country music festival in Las Vegas that killed 58 people, including two Tri-Valley high school alumni, FBI officials have concluded their investigation and were unable to find a specific motive for the deadly attack.
In a report released last week, FBI investigators found no "single or clear motivating factor" as to why 64-year-old Stephen Craig Paddock committed the deadliest mass shooting in modern U.S. history, according to the Associated Press.
"He acted alone. He committed a heinous act. He died by his own hand," Aaron Rouse, the agent in charge of the FBI's Las Vegas office, told the AP. "If he wanted to leave a message, he would have left a message. Bottom line is he didn't want people to know."
Almost 900 people were injured during the attack on Oct. 1, 2017, and among the slain were California High School (San Ramon) alumni Stacee Rodrigues Etcheber from the class of 1985 and Denise Cohen from the class of 1977 -- who were at the Las Vegas music festival separately.
Etcheber, a resident of Novato who worked as a hairstylist, was at the concert with her husband Vinnie, a San Francisco police officer.
Cohen, who lived in Santa Barbara, was at the concert with her companion Derrick "Bo" Taylor.
According to the AP, FBI officials stated Paddock -- who acted alone and fatally shot himself as police closed in -- may have been motivated by his father's history as a bank robber who was once on the FBI's most wanted list. But ultimately they concluded the gunman was not directed or inspired by any group and was not seeking to further any agenda.
Etcheber and Cohen were honored during a ceremony at the Grizzlies' homecoming football game on Oct. 13, 2017.
This story contains 889 words.
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