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The US accuses the former Apple buyer of defrauding the company of more than $10 million

FILE PHOTO: The Apple Inc. logo is seen in the lobby of Apple's flagship store in New York City
FILE PHOTO: The Apple Inc. logo is seen January 18, 2011 in the lobby of Apple’s flagship New York store. REUTERS/Mike Segar

March 20, 2022

By Jonathan Stamp

(Reuters) – US prosecutors have charged a former Apple Inc employee with defrauding the iPhone maker of more than $10 million in a series of schemes.

Dhirendra Prasad faces five counts after he used his “trusted position” as a buyer in Apple’s global service supply chain to defraud the company, a federal court filing in San Jose, California, Friday said.

Prosecutors said that as an Apple buyer, Prasad negotiated with sellers and placed orders, with Apple making payments based on invoice amounts he entered into its purchasing system.

Prasad allegedly defrauded Apple by taking kickbacks, stealing parts with bogus repair orders, and causing Apple to pay for items and services it never received

Prosecutors said Prasad also evaded taxes on his plans and laundered proceeds from his plans. Apple fired him in December 2018 after a decade of employment, court records show.

It is unclear whether Prasad has a lawyer. Prasad could not be immediately reached for comment on Sunday. A phone number listed for him was disconnected.

Two carrier owners who did business with Apple and allegedly conspired with Prasad over similar fraud schemes pleaded guilty in December, court filings show.

Prasad faces charges including conspiracy to wire and mail fraud, money laundering and fraud of the United States, and tax evasion.

His indictment is scheduled for March 24. Prosecutors also want Prasad to forfeit millions of dollars in real estate and other assets.

(Reporting by Jonathan Stempel in New York; Editing by Bill Berkrot)

https://www.oann.com/u-s-charges-former-apple-buyer-with-defrauding-more-than-10-million-from-company/?utm_source=rss&utm_medium=rss&utm_campaign=u-s-charges-former-apple-buyer-with-defrauding-more-than-10-million-from-company The US accuses the former Apple buyer of defrauding the company of more than $10 million

DUSTIN JONES

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