Apple manager arrested on kickback charges

[Gman496]

The Wall Street Journal reports that an Apple employee has been accused of taking part in a kickback scheme in Asia. Paul Shin Devine, a global supply manager at Apple, was accused in a federal grand jury indictment with receiving more than USD1 million in kickbacks from six Apple suppliers in Asia. Devine, who was arrested Friday, was charged with offences that include wire fraud, money laundering and unlawful monetary transactions. The indictment also names Andrew Ang, an employee of one of Apple's suppliers, who is accused of wire fraud and conspiracy.

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[wheelo]

Earlier in the month, former Apple employee Paul Devine was arrested and charged with selling secrets to Asian suppliers in exchange for over $2 million in kickbacks.

Devine, one of Apple's global supply managers, was charged "with offenses that include wire fraud, money laundering and unlawful monetary transactions," which began in 2006.

Today, federal prosecutors have alleged that Devine stashed over $150,000 in cash in shoe boxes in his home, which were then discovered by federal agents during a raid.

Devine is also said to have been hiding $20,000 in different foreign currencies.

To be released from prison on bail, Judge Howard Lloyd says Devine must transfer all cash he has in foreign bank accounts and post that along with $600,000.

It is unclear how much money will be transferred over, but prosecutors say it is "very significant."

Devine has pleaded not guilty to the charges.

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