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Former worker admits defrauding Apple of $17 million

A former Apple worker pleaded responsible Tuesday to defrauding the tech large out of greater than $17 million over seven years, federal prosecutors mentioned.

In a written plea settlement, Dhirendra Prasad described the schemes he carried out whereas he labored as a purchaser for Apple’s World Service Provide chain, the U.S. Lawyer’s Workplace mentioned.

Prasad admitted that the fraud concerned “taking kickbacks, inflating invoices, stealing components, and inflicting Apple to pay for objects and companies by no means obtained,” prosecutors mentioned in a press release.

For one scheme, prosecutors mentioned Prasad organized to have Apple parts shipped to an out of doors vendor’s warehouse, the place they had been re-packaged and finally bought again to Apple.

“Prasad admitted these schemes continued via 2018 and in the end resulted in a loss to Apple of greater than $17 million,” the assertion mentioned.

Prosecutors mentioned Prasad, 52, entered responsible pleas on a number of counts, together with conspiracy to commit fraud and conspiracy to defraud america.

He may face greater than 20 years in jail when he’s sentenced subsequent March.

Two of his co-conspirators, outdoors distributors who did enterprise with Apple, have been charged in separate federal instances.

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