Apple Manager Pinched In Massive Kickback Scheme

Posted: Aug 16 2010, 11:27am CDT | by , Updated: Aug 16 2010, 9:55pm CDT , in Apple


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Apple Manager Pinched In Massive Kickback Scheme

Bad apple arrested for kickbacks

A mid level manager at Apple has been arrested and charged in a joint IRS and FBI investigation. The manager is Paul Shin Devine and he and a partner based in Singapore named Andrew Ang allegedly took kickbacks from Apple providers totaling a million dollars.

The scheme allegedly had Devine providing insider information to suppliers of iPod and iPhone accessories that the providers used to prepare their bids. In exchange for the information, the suppliers paid the pair money.

The money was laundered through multiple bank accounts and a shell company. Devine is being held by the US Marshals Service and is facing a 23-count federal grand jury. Apple is also suing Devine in a separate civil suit.

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