Mountain House resident Dhirendra Prasad, 52, testified he took kickbacks, inflated invoices, and stole Apple parts while he was employed at Apple from 2008 to 2018. His responsibilities included 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," a DOJ statement said."Prasad admitted these schemes continued through 2018 and ultimately resulted in a loss to Apple of more than $17 million."
The examples of Prasad's schemes that the DOJ provided, including one in 2013 where he used Apple funding to buy motherboards that were sent to CTrends, a company owned by Prasad's friend Don Baker, who had the motherboards stripped of parts, which Prasad then bought again through Apple. Another one saw Prasad making Apple pay twice for components by using another friend's company to repackage the parts. In total, the DOJ said these schemes resulted in an IRS loss of more than $1.