Former Apple employee ordered to serve jail time, pay restitution for fleecing the company

The Apple Inc. logo at the new Apple store in Mumbai, India, on Tuesday, April 18, 2023. Photographer: Indranil Aditya/Bloomberg via Getty Images, according to the U.S. Attorney’s Office for the Northern District of California.— conspiracy to commit mail fraud and wire fraud and conspiracy to defraud the U.S. — stemmed from an alleged plot that lost Apple over $17 million. Prasad was sentenced to serve three years in jail. FOX Business reached out to Apple for comment.

The sentencing came nearly six months after the U.S. Attorney’s Office for the Northern District of California said Prasad entered a plea agreement in the case. involved "taking kickbacks, stealing parts, inflating invoices and causing Apple to pay for items and services it never received," according to the release.

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