A former Apple employee pleaded guilty Tuesday to defrauding the tech giant out of more than $17 million over seven years, federal prosecutors said.
In a written plea agreement, Dhirendra Prasad described the schemes he carried out while he worked as a buyer for Apple’s Global Service Supply chain, the U.S. Attorney’s Office said.In a written plea agreement, Dhirendra Prasad described the schemes he carried out while he worked as a buyer for Apple’s Global Service Supply chain, the U.S. Attorney’s Office said.
Prasad admitted the fraud involved “taking kickbacks, inflating invoices, stealing parts, and causing Apple to pay for items and services never received,” prosecutors said in a statement. For one scheme, prosecutors said Prasad arranged to have Apple components shipped to an outside vendor’s warehouse, where they were repackaged and eventually sold back to Apple AAPL .
“Prasad admitted these schemes continued through 2018 and ultimately resulted in a loss to Apple of more than $17 million,” the statement said. Prosecutors said Prasad, 52, entered guilty pleas on multiple counts including conspiracy to commit fraud and conspiracy to defraud the United States.Two of his co-conspirators, outside vendors who did business with Apple, have been charged in separate federal cases.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Former Apple Employee Admits to Defrauding Tech Giant of $17 Million Over Seven YearsA former Apple employee pleaded guilty Tuesday to defrauding the tech giant out of more than $17 million over seven years, federal prosecutors said.
Read more »
Former Apple employee defrauds company of $17 million, IRS of $1.8 millionA former employee of Apple worked with two other business owners to defraud the computer giant out of more than $17 million. More details on their scheme here:
Read more »
Former Apple employee admits to defrauding the company out of $17 million | EngadgetIn one scheme, Dhirendra Prasad and a co-conspirator got Apple to buy back its own components..
Read more »
Today's deals: $99 Apple TV 4K, $17 Beckham Hotel pillows, $18 Roku, $15 Echo Auto, moreToday's top deals on Thursday include the Apple TV 4K, Beckham Hotel Collection bed pillows, Roky players, the Echo Auto, and more.
Read more »
Gwyneth Paltrow's Childhood Home Is on the Market for $17.5MThe childhood home of actress and Goop founder Gwyneth Paltrow is up for sale, with a listing price of $17,500,000.
Read more »