Ex-Apple Employee Gets 3 Year in Prison for $17m Scam

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A US District Decide has sentenced an ex-buyer for Apple to 3 years in jail, plus three years supervised launch, and ordered him to pay again over $19m for defrauding the tech large. [Image: Shutterstock.com]

United States District Decide Beth L. Freeman has sentenced former Apple worker Dhirendra Prasad to 3 years in jail, whereas additionally ordering him to pay over $19m in restitution for defrauding the tech large of greater than $17m and for associated tax crimes.

Ex-Treasury intelligence officer Irene Kenyon shared a hyperlink to the Northern District of California’s Division of Justice information launch on Prasad’s sentence by way of Twitter:

Prasad, who labored as an Apple purchaser from 2008 to 2018, exploited his place to facilitate kickbacks, steal elements, inflate invoices, and trigger Apple to pay for services it by no means obtained. To additional rile the feds, Prassad additionally evaded taxes on the proceeds of his schemes.

In line with the DOJ’s sentencing memo, Apple handed Prasad “substantial discretion to make autonomous choices to profit his employer.”

accepting wage and bonuses from Apple valued at tons of of hundreds of {dollars}.

As an alternative, Prasad abused the corporate’s belief to complement himself whereas accepting wage and bonuses valued at tons of of hundreds of {dollars}. Figuring out how Apple labored from the within gave Prasad the means to maintain his scamming methods undetected.

On Wednesday, Prasad’s shady previous returned dwelling to roost, with Decide Freeman additionally ordering him to forfeit over $5.4m in property, pay an extra forfeiture cash judgment of $8.1m, plus serve three years of supervised launch. That is all on high of the restitution order to pay Apple and the IRS over $17m and $1.8m, respectively.


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