US accuses former Apple buyer of defrauding company By Reuters over $10 million


© Reuters. FILE PHOTO: The Apple Inc. logo is seen in the lobby of the New York City Apple Store, Jan. 18, 2011. REUTERS/Mike Segar

By Jonathan Stamp

(Reuters) – US prosecutors have charged a former employee of Apple Inc (NASDAQ:) with defrauding the iPhone maker of more than $10 million in a series of schemes.

Dhirendra Prasad faces five criminal charges after he abused his “trust position” as a buyer in Apple’s global service supply chain to defraud the company, according to filings Friday in federal court in San Jose, California.

Prosecutors said Prasad, as an Apple buyer, negotiated with suppliers and placed orders, with Apple making payments based on invoice amounts he entered into its purchasing system.

Prasad allegedly defrauded Apple by taking bribes, stealing parts using false repair orders, and charging Apple for items and services it never received

Prosecutors said Prasad also evaded taxes and laundered the proceeds of his schemes. Apple fired him in December 2018 after ten years of service, court papers show.

It is unclear whether Prasad has a lawyer. Prasad was not immediately available for comment on Sunday. A phone number listed for him has been disconnected.

Two supplier owners who did business with Apple and allegedly colluded with Prasad over similar fraud schemes pleaded guilty to related charges in December, court records show.

Prasad’s charges include conspiracy to commit postal and mail fraud, money laundering and fraud in the United States, as well as tax evasion.

His arraignment is scheduled for March 24. Prosecutors also want Prasad to forfeit millions of dollars in real estate and other assets.

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