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Former Apple employee charged with defrauding company out of $10M

22.03.2022 03:48 AM
Former Apple employee charged with defrauding company out of $10M
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Former Apple employee charged with defrauding company out of $10M
Prosecutors said that a former employee of the American company, "Apple", is accused of defrauding it of more than 10 million dollars.

Direndra Prasad, 52, faces charges of taking bribes, equipment theft and money laundering while working for the technology company, the Associated Press reported on Saturday.

Prasad, who worked for 10 years at Apple, was accused of being involved in a conspiracy to commit fraud, money laundering and tax evasion.

Prosecutors said two of the vendors' owners who dealt with Apple, and directly with Prasad, have admitted conspiring with him in his crimes.

Prasad is scheduled to appear in US District Court in San Jose, next Thursday.

In a press release, the US Attorney's Office in San Jose said that a court has allowed the US federal government to seize five real estate properties and financial accounts belonging to Direndra Prasad, worth about $5 million, according to a news report.

The lawsuit states that Prasad "willfully conspired to devise a fraud scheme in connection with a material matter, and to obtain money and property by material false and fraudulent allegations, promises and promises, and by omission and concealment of material facts".

The maximum penalty for each count of fraud, money laundering and tax evasion is from 5 to 20 years.
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