Apple Manager Alleged for $1 Million Kickback
Apple’s global manager Paul Shin Devine was arrested for alleged $1M in kickbacks. He has been using his position at Apple to acquire various bits of confidential information about the company and eventually sell this information to more than a half-dozen Apple suppliers thus getting huge payments for this. Suppliers would then be able to better position themselves to bid for and receive Apple contracts.
He is now currently facing twenty-three counts of a federal grand jury indictment. In addition to that, a separate civil suit was files against him by Apple for accepting more than $1 million in bribes and kickbacks from countries including China, South Korea, Taiwan, and Singapore. Another person involved who receive the same charges is Andrew Ang of Singapore who has been his partner in doing such thing. Devine has opened foreign bank accounts in his wife’s name to disguise payments.
Apple’s spokesperson released a statement saying: “Apple is committed to the highest ethical standards in the way we do business. We have zero tolerance for dishonest behavior inside or outside the company.”
The US Marshals held Devine in custody who awaits a 1:30 p.m. court appearance this coming Monday in the U.S. Northern District Court in San Jose.
All other companies involved in the indictment were not yet named but they were believed to be part of the in supplying materials for Apple’s iPods and iPhones.Follow us on Twitter to get free up-to-date news via tweets from the World Correspondents, or you can subscribe to us by entering your e-mail below. You can confirm your free subscription by clicking the confirmation link that will be sent to your e-mail address. Once you've confirmed, then you're good to go.