Former Apple employee charged with defrauding $10 million – ABC News

SAN JOSE, Calif. — A former Apple worker has been charged with defrauding the tech huge out of Greater than $10 million by taking kickbacks, stealing gear and laundering money, federal prosecutors said.

Dhirendra Prasad, 52, labored for 10 years as a purchaser in Apple’s Worldwide Service Current Chain division. A federal felony case unsealed Friday alleges that he exploited his place to defraud The agency in a quantity of schemes, collectively with stealing parts and inflicting The agency to pay for gadgets and providers it by no implys acquired.

A courtroom has allowed the federal authorities To grab 5 exact property properties and monetary accounts worth about $5 million from Prasad, and The federal authorities is looking for To primarytain these belongings as proceeds of crime, the U.S. Lawyer’s office in San Jose said in a information launch.

Prasad is scheduled To seem in courtroom subsequent Thursday To answer to costs of partaking in a conspiracy to commit fraud, money laundering and tax evasion. It’s unclear whether or not he has retained a lawyer. A telephone quantity listed for him was disconnected.

Two house owners of vendor corporations that did enterprise with Apple have admitted to conspiring with Prasad to commit fraud and launder money, prosecutors said.

Prasad is scheduled to make A primary look in U.S. District Court in San Jose subsequent week on Thursday. Fraud, money laundering and tax evasion every carry most sentences Of 5 To twenty years, however sentencing ideas and judges’ discretion imply Most people convicted of fraud in federal courtroom acquire Decrease than The utmost sentence.

Source: https://abcnews.go.com/Technology/wireStory/apple-employee-charged-defrauding-10-million-83551318