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Apple ex- employee admits to defrauding company of $17 million

A former Apple employee has admitted to stealing more than $17 million from the corporation. During his 10 years at Apple, Dhirendra Prasad allegedly acknowledged to “receiving kickbacks, falsifying invoices, stealing parts, and leading Apple to pay for things and services never received.” This is according to the US Attorney’s Office for the Northern District of California. These programmes were started by Prasad in 2011 and ran until 2018. In one scam, Prasad delivered motherboards from Apple’s stock to CTrends, a business controlled by an accomplice, Don M. Baker (who previously admitted to taking part in the fraudulent schemes). Prasad organised purchase orders for the components that Baker removed from motherboards. After Baker gave the parts back to Apple, CTrends sent bills, which Prasad settled. Finally, the two persuaded Apple to buy its own components and split the profits from the scam.

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