Former Apple employee charged with defrauding $10 million – What We Know!

A former Apple employee has been charged with defrauding the tech giant out of more than $10 million by taking kickbacks, stealing equipment and laundering money

Former Apple worker, 52, is charged with defrauding the tech large out of greater than $10MILLION by ‘taking kickbacks, stealing gear and laundering cash’: 5 of his properties and monetary accounts price $5m are seized

  • , 52, has been charged with defrauding the tech large out of greater than $10m by taking kickbacks, stealing gear and laundering cash
  • He labored for ten years as a purchaser in Apple’s World Service Provide Chain division
  • A federal prison case unsealed Friday alleges that he exploited his place to defraud the corporate in a number of schemes 
  • Prasad is scheduled to seem in court docket subsequent Thursday to reply to expenses of partaking in a conspiracy to commit fraud, cash laundering and tax evasion 

A former Apple worker has been charged with defrauding the tech large out of greater than $10 million by taking kickbacks, stealing gear and laundering cash, federal prosecutors mentioned.

Dhirendra Prasad, 52, labored for ten years as a purchaser in Apple’s World Service Provide Chain division. 

A federal prison case unsealed Friday alleges that he exploited his place to defraud the corporate in a number of schemes, together with stealing components and inflicting the corporate to pay for objects and companies it by no means obtained.

A former Apple worker has been charged with defrauding the tech large out of greater than $10 million by taking kickbacks, stealing gear and laundering cash

A court docket has allowed the federal authorities to grab 5 actual property properties and monetary accounts price about $5 million from Prasad, and the federal government is in search of to maintain these belongings as proceeds of crime, the US Legal professional’s workplace in San Jose mentioned in a information launch.

Prasad is scheduled to seem in court docket subsequent Thursday to reply to expenses of partaking in a conspiracy to commit fraud, cash laundering and tax evasion. 

It’s unclear whether or not he has retained a lawyer. A cellphone quantity listed for him was disconnected.

Two house owners of vendor firms that did enterprise with Apple have admitted to conspiring with Prasad to commit fraud and launder cash, prosecutors mentioned.

Prasad is scheduled to make a primary look in U.S. District Court docket in San Jose subsequent week on Thursday. 

Fraud, cash laundering and tax evasion every carry most sentences of 5 to twenty years, however sentencing pointers and judges’ discretion imply most individuals convicted of fraud in federal court docket obtain lower than the utmost sentence.

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