A former Apple worker has been charged with defrauding the tech large out of greater than $10 million by taking kickbacks, stealing tools and laundering cash, federal prosecutors mentioned.
Dhirendra Prasad, 52, labored for 10 years as a purchaser in Apple’s Global Service Supply Chain division. A federal legal 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 acquired.
A court docket has allowed the federal authorities to grab 5 actual property properties and monetary accounts value about $5 million from Prasad, and the federal government is looking for to maintain these belongings as proceeds of crime, the U.S. Attorney’s workplace in San Jose mentioned in a information launch.
Prasad is scheduled to seem in court docket subsequent Thursday to reply to prices 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 corporations that did enterprise with Apple
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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 in San Jose subsequent week on Thursday. Fraud, cash laundering and tax evasion every carry most sentences of 5 to twenty years, however sentencing tips and judges’ discretion imply most individuals convicted of fraud in federal court docket obtain lower than the utmost sentence.