U.S. charges former Apple buyer for ripping over $10 million from company

U.S. prosecutors have charged a former Apple Inc employee, Dhirendra Prasad, with defrauding the iPhone maker of more than $10 million in a series of schemes.

Filings with the federal court in San Jose, California shows that Prasad faces five criminal counts.

According to the filings, Prasad exploited his “position of trust” as a buyer in Apple’s global service supply chain to defraud the company.

Prasad negotiated with vendors and placed orders, with Apple making payments based on invoice amounts he entered into its purchasing system, prosecutors alleged.

Prasad allegedly defrauded Apple by taking kickbacks, stealing parts using false repair orders, and causing Apple to pay for items and services it never received.

Prasad also evaded taxes on and laundered proceeds from his schemes, prosecutors said.

Apple fired him in December 2018 after a decade of employment.

Prasad faces charges including conspiring to commit wire and mail fraud, commit money laundering and defraud the United States, as well as tax evasion.

His arraignment is scheduled for March 24.


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