Former Apple Employee Pleads Guilty to Stealing More Than $17 Million

Dhirendra Prasad pled guilty to conspiracy to commit fraud and conspiracy to defraud the United States after he stole more than $17 million from Apple.

The Northern California District Attorney's office says that he worked for ten years. The Global Service Supply Chain department was where he worked.

Apple paid for items and services that it did not receive as a result of Prasad accepting kickbacks, inflating invoices, and stealing parts. They stole money from Robert Gary Hansen and Don M. Baker.

Baker's company, CTrends, received a shipment from Apple's inventory in the year 2013). Apple paid for parts it already owned when Baker had the components from the board removed. They split the money from the arrangement.

The components were put in new packaging and sent back to Apple's warehouse.

In order to allow Baker to claim hundreds of thousands of dollars of unwarranted tax deductions, he created a shell company that sent sham invoices to CTrends to hide the fact that he was making illegal payments.

After he is sentenced, he could be in prison for up to 25 years. $5 million in assets that he gained from the schemes must be forfeited by him.