Katie MarsalPaul Devine, former iPhone global supply manager for Apple, pleaded guilty on Monday to charges that he accepted kickbacks from Asian suppliers, according to Reuters. The plea, discovered in a statement from the U.S. Attorney's office in San Francisco, Calif., is a change from last August, when Devine pleaded not guilty to charges that he accepted more than a million dollars in bribes and payments.
Devine, who worked for Apple starting in 2005, was accused of providing information and assistance to six overseas suppliers. He was indicted last year on 23 counts.
Devine has reportedly pleaded guilty to charges of wire fraud, conspiracy, and money laundering. He will also forfeit about $2.28 million worth of property and money.
An investigation of Devine last year found that the former Apple supply manager stashed more than $150,000 in cash in shoe boxes in his home. The six-figure sum was allegedly found in his home when it was raided by federal agents.
Last November, prosecutors for the U.S. government began seeking the forfeiture of about $950,000 that investigators seized from as many as six different bank accounts. They also sought to obtain a Porsche Cayenne, a vehicle with a starting price of nearly $50,000.
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12 Comments
Good riddance!
2.3M Wow, am I the only one who thinks that prosecutors have a bigger fish to fry? i.e. Inside Job
2.3M Wow, am I the only one who thinks that prosecutors have a bigger fish to fry? i.e. Inside Job
He was the small fish. IP isn't bestowed upon the global supply manager.
People like this should have all of their ill gotten gains seized and go to jail.
Odds are he has a lot more than 2.5 million stashed away.
Must be nice to have $2.3 million to forfeit.