Former Apple employee admits to defrauding $17 million It has shocked almost everyone! This employee has committed various frauds in a period of 7 years.
Direndra Prasad, Former Apple employee who has worked as a salesman in Apple’s global supply chain for the past 10 years, has admitted to defrauding $17 million while on the job. According to the U.S. Attorney’s Office for the Northern District of California, Prasad pleaded guilty to accepting bribes, invoicing at higher prices, stealing parts, and convincing Apple to pay for products and services that were not actually provided. In fact, he has implemented these plans from 2011 to 2018.
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Former Apple employee admits to defrauding $17 million
In one of these cases, Prasad took motherboards from Apple’s warehouse to Ctrends had sent that it was actually a company owned by his partner in crime, Don M. Baker. Baker, who himself admitted to participating in this activity, used to separate parts of motherboards and Prasad arranged the purchase orders for these parts. After Baker returned the parts to Apple, Ctrends would issue invoices for the purchases Prasad had planned. As a result, the two worked together to trick Apple into paying again for their products, with the proceeds split between Prasad and Baker.
This former employee was also involved in tax fraud. He made payments directly to his creditors from another accomplice, Robert Gary Hansen, who also pleaded guilty to participating in the fraud. In addition, he devised a scheme to have a paper company cover up Baker’s illegal payments by sending Ctrends fake invoices. This is how Baker was able to claim thousands of dollars in wrongful tax deductions. According to prosecutors, this fraud A loss of more than 1.8 million dollars It has resulted in financial income for the service organization.
Prasad will be sentenced in March next year at the same time as Esfand and Farvardin. He conspired to defraud through Messaging system He pleaded guilty to a maximum of 20 years in prison, as well as 5 years in prison for defrauding the United States. In addition, he has agreed to surrender 5 million of the income from his activities, such as real estate, as a fine.
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