Dhirendri Prasad, a former Apple employee, was sentenced to three years in prison and a $19 million fine after stealing about $17 million from Apple. Prasad set up a telegraphic and postal order fraud scheme, working as a buyer in the global supply chain of Big Tech services.

The 55-year-old man worked for the company from 2008 to 2018. His role was to purchase parts and services from suppliers. Prasad pleaded guilty in November 2022., for the crime of fraud against Apple. In a plea agreement, he claims he began embezzling money from the company in 2011. Prasad accepted kickbacks, stole parts, overcharged, and continued to bill fraudulently for goods that were never delivered.

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In addition to theft and fraud, Dhirendry Prasad confesses to tax evasion on fraudulent products, in addition to colluding with two other people: Robert Gary Hansen and Dom M. Hansen, owners of two suppliers in California. Two others have also been charged with fraud and are legally liable in a separate trial.

Prasad will serve a three-year sentence

Theft, fraudulent purchases of spare parts and tax evasion did not please Prasad. In addition to being sentenced to pay more than what was stolen, the Indian man will serve 3 years in prison. According to the US Department of Justice (DOJ), Prasad betrayed Apple’s trust and he abused his power to enrich himself at the expense of the company while still receiving his salary.

In its decision, the Justice Department noted that Prasad took advantage of his position as a buyer and used insider information about Apple’s fraud detection methods to cover up his criminal activities. “Due to his position at Apple, Prasad has been given considerable discretion to make his own decisions in the interests of his employer.” The 55-year-old man pleaded guilty in November 2022 and was awaiting a court decision. Of the $19 million in restitution for his conviction, $17,398,104 is for Apple and $1,872,579 is for the IRS.

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Source: Edge

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