Dhirendra prasad, Politician

San Francisco, March 20 A former Apple employee has allegedly defrauded Apple out of $10 million, according to federal authorities, by using his position as a supply chain buyer to obtain kickbacks and to make Apple pay for undelivered goods and services.According to AppleInsider, Dhirendra Prasad was with Apple between 2008 and 2018, and spent most of his time working as a buyer as part of its "Global Service Supply Chain," prosecutors and the Internal Revenue Service say.In his position working with vendors, Prasad is said to have "exploited his position by engaging in multiple different schemes to defraud Apple".A federal press release seen by Silicon Valley says the list of activities includes "taking kickbacks, stealing parts, and causing Apple to pay for items and services it never received".The five charges include counts of fraud, money laundering, and tax evasion, with each carrying maximum sentences of five to 20 years.The activities are said to have resulted in losses totaling more than $10 million for Apple, the report said.Prasad is set to make his first court appearance on the matter in the US District Court in San Jose next Thursday.The federal government has already been given permission by the court to seize $5 million in cash and property from Prasad, with the intention to keep the assets as proceeds of crime.Two other men based in California have also been linked to the scheme, authorities claim, with the pair owning companies that sold to Apple, as well as conspiring with Prasad over fraud and money laundering. Both were charged in separate federal cases, and authorities claim they have both "admitted their involvement".Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

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Dhirendra Prasad, NewsFOLLOW

Dhirendra prasad, Latest News

Technology :Former Indian-origin employee sent to jail for stealing $17 mn from Apple

San Francisco, April 29 Dhirendra Prasad, a former Apple employee who was charged with defrauding tech giant Apple ... ...

Technology :Former supply chain buyer's fraud, kickbacks cost Apple $10 mn

San Francisco, March 20 A former Apple employee has allegedly defrauded Apple out of $10 million, according to ... ...