Three Twilio software engineers, who had access to customer usage databases, passed confidential information along to friends and family members.
After receiving the information, Sure wired around $10,000 to Kamujula, who then bought Twilio call options. Nekkalapudi and Chetan Pulagam, meanwhile, sought permission to trade options from brokerage accounts they had not used in years, the complaint said.
Separately, the U.S. Attorney's Office for California's Northern District filed criminal charges against Kamujula, accusing him of securities fraud in association with his trading. The SEC charges are civil in nature and call primarily for monetary penalties."The company is aware of the investigations being conducted by the U.S. Attorney's Office and the Securities and Exchange Commission and the charges that were filed today," the spokesperson said.
"Lagudu disclosed in the chat channel that he had 'checked' an internal revenue database and determined that 'SMS and other costs increased this month' and that likewise, email revenue 'was increased,'" the SEC said in the complaint.