Former Apple employee accused of defrauding millions of dollars

SAN JOSE, CALIF. – A former Apple employee has been charged with defrauding the tech giant of more than $10 million by getting kickbacks, device theft and money laundering, federal prosecutors said.

Dhirendra Prasad, 52, worked for 10 years as a shopper in Apple’s Worldwide Service Supply Chain division. An unsealed federal criminal case Friday alleges that he used his position to defraud the company in a number of schemes, including stealing parts and making the company pay. for items and services they never received.

A court has authorized the federal government to seize five real estate assets and financial accounts worth about $5 million from Prasad, and the government is seeking to hold those assets as proceeds of crime. crime, the US attorney’s office in San Jose said in a press release.

Prasad is scheduled to appear in court next Thursday to answer charges of participating in conspiracy to commit fraud, money laundering and tax evasion. It is unclear whether he will retain the attorney. A phone number listed for him was disconnected.

Prosecutors said two owners of supply companies that did business with Apple admitted conspiring with Prasad to commit fraud and money laundering.

Prasad is scheduled to make his first appearance in US District Court in San Jose next Thursday. Fraud, money laundering and tax evasion all carry maximum sentences of five to 20 years, but sentencing guidelines and judges’ decisions mean that most people found guilty of fraud in federal court states receive sentences below the maximum sentence.

Source link


News7h: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button