Former Apple employee admits to $ 17 million fraud company – Engadget

Former Apple employee Dhirendra Prasad A few days ago, he admitted that during his ten years at Apple (most of which as a buyer in the global services supply chain department), there have been seven years of “withdrawals, false invoices, parts theft and deceiving.” Apple to get uncollected items and pay for services. ” One of his common tactics was to ship Apple’s stocked motherboards to CTrends, a company run by co-conspirator Don M. Baker. Baker would remove some components from the motherboard and Prasad would issue a purchase order for those components. Baker then sent the disassembled components back to Apple and issued an invoice via Ctrends. Finally, Prasad would arrange payment for Apple to purchase the assets that belonged to them.

In addition to defrauding Apple, Prasad pleaded guilty to tax fraud. He had delivered the payments of another accomplice, Robert Gary Hansen, directly to creditors, while also having a shell company send fake invoices to CTrends to cover the illicit payments Baker had made to him. The move allowed Baker to “cheat hundreds of thousands of dollars in tax deductions,” according to US federal prosecutors, which cost the IRS more than $ 1.8 million.

Prasad, who will be sentenced in March next year, has pleaded guilty to a conspiracy count to commit postal fraud and computer fraud, which carries a maximum sentence of 20 years. He also pleaded guilty to conspiring to defraud the state, which provides a maximum sentence of five years in prison. Prasad also agreed to hand over approximately $ 5 million in assets, including various properties, which were obtained through crime.