U.S. charges former Apple buyer with defrauding more than $10 million from company

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U.S. prosecutors have charged a former Apple Inc employee with defrauding the iPhone maker out of more than $10 million in a series of schemes.

The Apple Inc. logo is seen in the lobby of New York City's flagship Apple store January 18, 2011. REUTERS/Mike Segaremployee with defrauding the iPhone maker out of more than $10 million in a series of schemes.

Prosecutors said that as an Apple buyer, Prasad negotiated with vendors and placed orders, with Apple making payments based on invoice amounts he entered into its purchasing system.Prasad allegedly defrauded Apple by taking kickbacks, stealing parts using false repair orders, and causing Apple to pay for items and services it never received

It is unclear whether Prasad has a lawyer. Prasad could not immediately be reached on Sunday for comment. A phone number listed for him has been disconnected.

 

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