A former Apple employee  has been charged with cheating the tech company out of more than $10 million by receiving kickbacks, stealing equipment, and laundering money.

Dhirendra Prasad, 52, worked as a buyer in the Apple Global Service Supply Chain department for ten years.

A federal criminal case revealed on Friday, March 18, alleges that Prasad subjugated his position to defraud the company in several schemes.


This includes stealing parts and causing the business to pay for items and services it never received.

The federal government has been granted permission by a court to seize five real estate properties and financial accounts worth approximately $5 million from Prasad.

According to a statement from the US Attorney’s office in San Jose, the government is attempting to keep those assets as proceeds of crime.

Prasad is set to appear in court on Thursday, March 24, to face charges of fraud conspiracy, money laundering, and tax evasion.

Two owners of Apple vendor companies have already admitted to colluding with Prasad to conduct fraud and launder money.

Fraud, money laundering, and tax evasion all have maximum terms ranging from five to twenty years in prison, although sentencing guidelines and judges’ discretion mean that most people convicted of fraud in federal court receive less than the maximum punishment.

Source: ABC News

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