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Apple Manager Involved in A $1 Million Kickback Scheme

Written by: on 15th August 2010 |
Apple Manager Involved in A $1 Million Kickback Scheme  | read this item

Paul Shin Devine, a mid level Apple global manager will be facing twenty-three counts of a federal grand jury indictment for wire fraud, money laundering, and kickbacks related to his position at the company. He has been using his position in the company to acquire confidential information and he would later on sell it to a number of Apple suppliers who would then be able to better position themselves to bid for and receive Apple contracts. He has opened foreign bank accounts in his wife’s name to disguise payments.

He has been doing this thing along with a person named Andrew Ang of Singapore who will be facing the same charges. A separate civil suit has been filed against him as well for accepting more than $1 million in bribes and kickbacks from countries including China, South Korea, Taiwan, and Singapore. The companies which has been involved in the transactions were not yet named.

Indicated in the indictment were a number of U.S. and foreign bank accounts, as well as the falsified company “CPK Engineering,” to process the payments which were not known to Apple.

Devine is in the custody of the US Marshals as of the moment who would later have a 1:30 p.m. court appearance this coming Monday in the U.S. Northern District Court in San Jose.

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