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Former Apple Employee Pleads Guilty To Theft Of Over $17 Million

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Apple

Apple

Dhirendra Prasad, a former employee of Apple, admitted this week to conspiring to commit fraud and to defraud the United States after stealing more than $17 million from the company through the mail and wire fraud schemes. The Northern California District Attorney’s office reports that between 2008 and 2018, Prasad worked for ten years. He worked in the Global Service Supply Chain division, where he made vendor purchases of parts and services for Apple.

Beginning in 2011, Prasad started taking kickbacks, falsifying bills, and stealing components, causing Apple to pay for products and services that it had not actually received. To steal money, Prasad collaborated with two Apple suppliers, Don M. Baker and Robert Gary Hansen. For instance, in 2013, Prasad ordered the shipment of motherboards from Apple’s stock to Baker’s business, CTrends. Baker had the motherboard components removed, and Prasad set up purchase orders for the removed parts so that Apple paid for components it already owned. The money from the deal was divided between the two.

In 2016, Prasad ordered parts from Apple to be delivered to Quality Electronics Distributors, Inc., Hansen’s company. The components were seized by Hansen, who subsequently repackaged them, sent them back to Apple’s facility, and billed the company through Prasad. In order to conceal the fraudulent payments made by Hansen to his creditors, Prasad also used a dummy firm to generate false invoices to CTrends. This allowed Baker to deduct hundreds of thousands of dollars in unnecessary taxes. The hearing is scheduled for March 2023, and Prasad could be sentenced to up to 25 years in prison. He must also give up $5 million in assets he acquired through the schemes.

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