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Former Apple worker alleged to have defrauded company out of $10 million

You are here: Home / General Cyber Security News / Former Apple worker alleged to have defrauded company out of $10 million
March 21, 2022

The Apple logo on a glass storefront in Ireland

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A previous Apple worker has been billed for allegedly defrauding Apple out of far more than $10 million really worth of products and products and services.

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The 52-yr-old previous staffer in Apple’s Global Services Source Chain, Dhirendra Prasad, has been accused by prosecutors of utilizing his placement to develop interactions with suppliers to get kickbacks and steal machines, according to Connected Push.

Prasad allegedly completed repair service sorts to steal machines and has also been charged with producing the organization to pay back for merchandise and expert services it under no circumstances received. He will look in courtroom on 30 March to remedy the prices introduced in opposition to him.

Prasad labored at Apple for a 10 years involving 2008 and 2018 and has been handed a whole of five indictments which includes two counts of conspiracy to dedicate wire and mail fraud, two counts of conspiracy to launder fraud proceeds, and a person demand of tax evasion.

The US federal authorities has been allowed to seize belongings amounting to $5 million from Prasad in a civil forfeiture which consists of five serious estate homes and a variety of fiscal accounts. The US Attorney’s place of work in San Jose stated the governing administration is seeking to continue to keep these seized property as proceeds of crime.

IT Pro contacted Apple for comment but it did not reply at the time of publication. 

The house owners of two different suppliers that worked with Prasad have admitted conspiring with the previous Apple employee to dedicate fraud and launder revenue in separate federal circumstances.

Makes an attempt to defraud Apple were formerly made by two Chinese pupils learning in the US in 2019. The pair had been accused of sending 1000’s of fake iPhones to Apple for repairs to then promote on in China for income.

The faux units were being so convincing that Apple’s restore technicians were being reportedly not able to identify that they were counterfeit types, they were being deemed to have merely been tampered with – a essential distinction.

Almost 50 % of the 3,069 units had been fixed by Apple and despatched back to the pair which had been then transported to China for sale and the income allegedly currently being wired to their US financial institution accounts by the mother to one of the learners.


Some components of this report are sourced from:
www.itpro.co.uk

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