Ex-Apple employee charged with defrauding $10 million | USA News®

SAN JOSE, Calif. (AP) — A former Apple employee has been accused of defrauding the tech giant of more than $10 million by taking bribes, stealing hardware and laundering the money, federal prosecutors said.

Dhirendra Prasad, 52, worked for 10 years as a buyer in Apple’s Global Service Supply Chain department. A federal criminal case unsealed on Friday alleges he exploited his position to defraud the company in several schemes, including stealing parts and forcing the company to pay for items and services it never got. received.

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

Prasad is due in court next Thursday to face charges of conspiracy to commit fraud, money laundering and tax evasion. It is not known whether he has retained the services of a lawyer. A phone number listed for him has been disconnected.

Two vendor company owners who did business with Apple have admitted conspiring with Prasad to commit fraud and launder money, prosecutors said.

political cartoons

Prasad is set to appear for the first time in US District Court in San Jose next week on Thursday. Fraud, money laundering and tax evasion each carry maximum sentences of five to 20 years, but sentencing guidelines and judicial discretion mean that most people convicted of fraud by a federal court receive less than the maximum sentence.

Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Previous Inflation, supply and fierce competition: Ovid Big M's fate as a small-town grocery store
Next Your Monday briefing: Russia's assault on Mariupol