Former Apple employee gets prison term for $17M fraud scheme
A former Apple employee has been sentenced to three years in prison
for a fraud scheme that cost the company more than $17 million.
A release from the U.S. Attorney's Office for the Northern District of California from Wednesday states that Dhirendra Prasad, a 55-year-old
from Mountain House, Calif., pleaded guilty to one count of conspiracy
to commit mail fraud and wire fraud and one count of conspiracy to
defraud the United States in November.
Prasad worked for Apple from December 2008 to December 2018, spending
most of the time serving as a "buyer" who was responsible for
facilitating the process for Apple to buy parts for warranty repairs
on old devices. But he conspired with two Apple vendors to defraud the
company by taking kickbacks, stealing parts, inflating billing
statements and getting Apple to pay for items services it had not
received, according to the release.
...
...
The release states that in addition to his prison sentence, Prasad was
ordered to pay more than $17 million to Apple and nearly $2 million to
the Internal Revenue Service. He also needed to forfeit more than $5
million in assets that the government had already seized.
https://thehill.com/regulation/court-battles/3979575-former-apple-employee-gets-prison-term-for-17m-fraud-scheme/
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