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Reuters is reporting that former Apple global supply chain manager, Paul Devine, has pled guilty to wire fraud, conspiracy and money laundering in a San Jose, CA federal court. Mr. Devine, who worked for Apple from 2005 to 2010, was accused of taking kickbacks and “using his position to pass confidential information to help suppliers negotiate favorable contracts with Apple.” As part of his plea, Devine forfeits $2.28 million in cash and property. ”Mr. Devine is a good man who made a mistake, and now he’s trying to make amends,” said his attorney. Sentencing is set for Monday, June 6th, when Devine will face a maximum sentence of twenty years. A civil lawsuit is also pending.
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Via BRG - Boy Genius Report
