Wednesday, November 2, 2022

Former Apple Employee Admits Defrauding Apple Of More Than $17 Million

Wow. How the hell did no one notice this?

In a written plea agreement entered today, Prasad, 52, of Mountain House, California, described that he was employed by Apple from 2008 through 2018 and acted for most of that time as a buyer in Apple’s Global Service Supply Chain.  Prasad’s responsibilities involved purchasing parts and services for Apple from vendors. Prasad admitted he began to defraud Apple as early as 2011 by taking kickbacks, inflating invoices, stealing parts, and causing Apple to pay for items and services never received.  Prasad admitted these schemes continued through 2018 and ultimately resulted in a loss to Apple of more than $17 million.