In a sensational case, the tech giant Apple moved the United StatesDistrict Court earlier this year against a former employee alleging fraud. The amount involved in this is said to be around Rs 140 crores. A federal criminal case was filed against him by the tech giant.
As the accused is an Indian origin person the issue became a much-talked-about one in India too. The accused is 52-year-old Dhirendra Prasad who is believed to have worked with the tech giant for a decade. During this, he robbed off the company to the tune of over Rs 100 crores.
The new news is that the accused reportedly confessed to his crimes and admitted that he robbed off the company for over $17 million. During the hearing, he reportedly mentioned this in writing which makes the case investigation an easy one.
We all know how tough the laws and rules are in the United States. Even a small crime would land the guilty behind the bars. As the case is of a financial crime and defrauding issue he is likely to get a jail term of not less than 20 years. He took help from two others in this reportedly.
Getting deeper into the case, Dhirendra Prasad, a former employee of Apple worked with the family for around a decade between 2008 through 2018. He indulged in stealing parts and inflating invoices. After buying Apple products he used to remove the parts and send the same to the company run by one of his two co-conspirators.
One Don M Baker, who is believed to be one of the aides of the accused Dhirendra Prasad has a company and Prasad used to send the motherboards and other parts to the company. The company then sells them.
While the accused gained big money in a fraudulent manner the Apple company suffered a big loss as it was forced to pay for the invoices due to the irregularities made by Prasad. Between 2011 to 2018 the accused made Apple suffer losses of around 17 million dollars. A portion of the money earned by Prasad and others was taken back as the government reportedly confiscated assets worth over 5 million dollars.
As the accused is an Indian origin person the issue became a much-talked-about one in India too. The accused is 52-year-old Dhirendra Prasad who is believed to have worked with the tech giant for a decade. During this, he robbed off the company to the tune of over Rs 100 crores.
The new news is that the accused reportedly confessed to his crimes and admitted that he robbed off the company for over $17 million. During the hearing, he reportedly mentioned this in writing which makes the case investigation an easy one.
We all know how tough the laws and rules are in the United States. Even a small crime would land the guilty behind the bars. As the case is of a financial crime and defrauding issue he is likely to get a jail term of not less than 20 years. He took help from two others in this reportedly.
Getting deeper into the case, Dhirendra Prasad, a former employee of Apple worked with the family for around a decade between 2008 through 2018. He indulged in stealing parts and inflating invoices. After buying Apple products he used to remove the parts and send the same to the company run by one of his two co-conspirators.
One Don M Baker, who is believed to be one of the aides of the accused Dhirendra Prasad has a company and Prasad used to send the motherboards and other parts to the company. The company then sells them.
While the accused gained big money in a fraudulent manner the Apple company suffered a big loss as it was forced to pay for the invoices due to the irregularities made by Prasad. Between 2011 to 2018 the accused made Apple suffer losses of around 17 million dollars. A portion of the money earned by Prasad and others was taken back as the government reportedly confiscated assets worth over 5 million dollars.