GT Advanced Technologies COO Daniel Squiller was deeply involved in the partnership between Apple and GT. Apple was supposed to prepay GT Advanced $578 million to help the company install the necessary equipment to turn Apple's Mesa plant into a factory churning out sapphire crystals. The crystals were to be turned into sapphire glass for use on the new Apple iPhone 6 and Apple iPhone 6 Plus.Squiller sold off $1.2 million of GT Advanced stock in May, and set up a sales plan that allowed him to cash in another $750,000 before the October 6th bankruptcy filing. Since the company made that ...
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