Former Apple Buyer Involved In Over $10 Million Fraud Allegations

Share post:

Dhirendra Prasad, a former Apple buyer has been charged to court for his involvement in numerous fraud schemes against the company.

According to filings on Friday, Prasad was accused of exploiting his position as a buyer in Apple’s global service supply chain to defraud the company.

He is scheduled to appear before the court of law on March 24. Prosecutors are also demanding that Prasad be stripped of his assets which are worth millions of dollars.

The alleged fraud schemes exceeding $10 million saw Prasad conspire to commit wire fraud, commit money laundering, defraud the United States and evade taxes.

Prasad allegedly defrauded Apple by taking kickbacks, stealing parts using false repair orders. He also caused Apple to pay for items and services it never received. He was eventually fired by the company in December 2018.

Two vendors who allegedly teamed up with Prasad to defraud Apple pleaded guilty to related charges in December.

For more information, read the original story in Reuters.

Featured Tech Jobs

SUBSCRIBE NOW

Related articles

China approves Broadcom-VMWare merger, last hurdle is cleared

The long-anticipated merger between Broadcom and virtualization giant VMware has been approved by Chinese regulatory authorities, marking the...

Elon Musk’s X sues Media Matters over report linking ads to extremist content

Elon Musk's X has initiated legal action against the progressive watchdog group Media Matters, in response to an...

OpenAI aggressively pursues Google AI talent with offers up to $10 million

In a bold move to bolster its AI expertise, OpenAI is reportedly offering lucrative compensation packages, potentially worth...

Booths axes self-scan machines for human cashiers

Supermarket chain, Booths is axing almost all of its self-scan machines in favor of human cashiers. The company,...

Become a member

New, Relevant Tech Stories. Our article selection is done by industry professionals. Our writers summarize them to give you the key takeaways