Apple employee stole 17 million dollars in 7 years

Former Apple employee Dhirendra Prasad pleaded guilty to inflicting $17 million in losses to the tech giant. In court, he detailed the supply chain fraud schemes he used to make money from 2011 to 2018. Prasad served in Apple's global supply chain. The California District Attorney's Office said in a statement that the defendant admitted to committing fraudulent acts, such as getting commissions, overbidding, stealing parts, and getting the company to pay for services he never received.

He was packing parts he stole from Apple and selling them back to Apple.

The investigation revealed that Prasad used a scheme to defraud Apple, mostly involving the resale of parts purchased by the company. Defendant stole the parts and sent them to a supplier, where they were repackaged and sold as new merchandise to Apple. "Prasad admitted to having fraudulent schemes that cost Apple more than $17 million in losses prior to 2018," the prosecutor said in a statement. Prasad, 52, has pleaded not guilty to several charges, including conspiracy to commit fraud. The accused could face up to 20 years in prison. The final decision of the court will be announced next spring. Separate charges were reportedly filed against Prasad's two partners among Apple's suppliers.