More than 120 million people were involved in the case! Former Apple purchaser "made rich" by secretly selling components
Latest update time：2022-11-14 16:22
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Recently, the Prosecutor's Office for the Northern District of California disclosed a major case, showing that a
former
Apple supply chain employee admitted to defrauding the company of more than $17 million (approximately 123 million yuan) over eight years.
Image: Website of the U.S. Attorney's Office for the Northern District of California
According to disclosures, Dhirendra Prasad has worked at Apple for
ten years
, most of which time
as a buyer in the global services supply chain department
, mainly purchasing components and parts from Apple suppliers.
He admitted to " taking kickbacks, inflating invoices, stealing devices
, and causing Apple to pay for items and services it never received"
between 2011 and 2018
,
ultimately causing Apple to lose more than $17 million.
In a company like Apple, where confidentiality and regulatory measures are strict, it is amazing that this buyer was able to commit crimes for eight years and with huge amounts of money without being discovered! Let's take a look at how he did it.
Picture: Apple computer motherboard
Regarding the method of secretly selling parts, Prasad said that as early as 2013, he shipped some motherboards in Apple's inventory to a company called CTrends, which was run by co-conspirator Baker and provided
supply chain services
to Apple
.
Baker removes components and parts
from the motherboard
, and Prasad places
"custom" purchase orders
for the components
. After Baker swaggers these components back to the Apple warehouse, CTrends will
issue an invoice
, and Prasad will complete the final step of arranging payment.
Another, simpler way was for Prasad to arrange for the components to be shipped from Apple's inventory at a Nevada warehouse to another associate, Hansen's company, who would then remove the devices from their packaging,
put them in new packaging
and send them back to Apple. 's warehouse. Then there is the same invoicing and collection as mentioned above. The "taken advantage of" Apple once again bought its own devices.
Finally, these
procurement thieves
made Apple pay twice for their expensive components and motherboards
, and the inventory went back to Apple's warehouse after a round trip. Although it is unclear how the two circumvented the complicated outbound, inbound and supplier certification processes, they finally
made
a fortune
.
Image: Apple
In addition to defrauding Apple,
Prasad
also admitted engaging in tax fraud to obtain tax deductions. The U.S. Attorney's Office said the scams cost the IRS more than $1.8 million.
Prasad
pleaded guilty to one count of conspiracy to commit mail fraud and wire fraud, which carries a maximum penalty of
20 years in prison
. In addition, he agreed to forfeit approximately
$5 million worth of assets
, including real estate, that he acquired as a result of his illegal profits
. Source: Chip Master
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