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A Former 10-year Global Supply Chain employee at Apple has been indicted on 5 charges including conspiracy to launder fraud proceeds

1 cover - FRAUD


Late yesterday afternoon it was reported that a former Apple employee is facing federal charges after he allegedly defrauded the tech giant out of millions of dollars over the span of several years. 


"According to U.S. Attorney Stephanie Hinds’ office, 52-year-old Dhirendra Prasad of Mountain House has been indicted on five charges, has been charged with conspiracy to commit wire and mail fraud, along with two counts of conspiracy to launder fraud proceeds. In addition, Prasad is accused of tax evasion and conspiring to help a co-conspirator evade their taxes," reports San Francisco's KPIX news. 


The report further stated that "Prasad worked for Apple between December 2008 and December 2018 and was a buyer in the Cupertino-based company’s Global Service Supply Chain.


Prosecutors said Prasad allegedly engaged in 'multiple different schemes to defraud Apple,' which included taking kickbacks, stealing parts and causing Apple to pay for items and services it never received. The losses to Apple were more than $10 million, according to a court filing.


In addition, Prasad is accused of conspiring with two vendors who did business with Apple to commit fraud and money laundering." For more on this, read the full San Francisco CBS  KPIX report.


10.0F - Apple News


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