Wednesday, March 2, 2011

Former Apple manager admits taking kickbacks from Asian suppliers

http://asia.news.yahoo.com/afp/20110301/ttc-us-asia-it-company-crime-apple-0de2eff.html

SAN FRANCISCO (AFP) - – A former Apple manager has pleaded guilty to accepting kickbacks from suppliers and manufacturers in Asia seeking contracts with the California gadget-maker.

Paul Devine, 38, who worked at Apple from 2005 to 2010, entered a guilty plea in a federal court in San Jose, California, on Monday to charges of wire fraud, conspiracy and money laundering, US Attorney Melinda Haag announced.

Devine was accused of transmitting confidential Apple information, such as product forecasts, roadmaps, pricing targets, product specifications, and data obtained from business partners, to suppliers and manufacturers of Apple parts, the US Attorney's office said in a statement.

In return, the suppliers and manufacturers paid Devine kickbacks, including payments determined as a percentage of the business they subsequently did with Apple, it said.

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