Former Apple employees admits defrauding company


SAN JOSE, Calif. –

A former Apple worker pleaded responsible Tuesday to defrauding the tech big out of greater than $17 million over seven years, federal prosecutors mentioned.

In a written plea settlement, Dhirendra Prasad described the schemes he carried out whereas he labored as a purchaser for Apple’s Global Service Supply chain, the U.S. Attorney’s Office mentioned.

Prasad admitted the fraud concerned “taking kickbacks, inflating invoices, stealing components, and inflicting Apple to pay for gadgets and companies by no means obtained,” prosecutors mentioned in an announcement.

For one scheme, prosecutors mentioned Prasad organized to have Apple parts shipped to an outdoor vendor’s warehouse, the place they have been repackaged and ultimately bought again to Apple.

“Prasad admitted these schemes continued by way of 2018 and in the end resulted in a loss to Apple of greater than $17 million,” the assertion mentioned.

Prosecutors mentioned Prasad, 52, entered responsible pleas on a number of counts together with conspiracy to commit fraud and conspiracy to defraud the United States.

He might face greater than 20 years in jail when he is sentenced subsequent March.

 Two of his co-conspirators, exterior distributors who did enterprise with Apple, have been charged in separate federal instances.


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