Tags: US | Apple | Kickbacks

Apple Manager Indicted On Kickback Charges

Saturday, 14 Aug 2010 05:41 PM

 

  Comment  |
   Contact  |
  Print  
|  A   A  
  Copy Shortlink

A manager at Apple Inc. has been indicted by a federal grand jury in an alleged kickback scheme involving suppliers of iPhone and iPod accessories.

Authorities say Paul Shin Devine of Sunnyvale was arrested on Friday on charges of wire fraud, money laundering and kickbacks. The indictment had been filed under seal Wednesday.

Devine, 37, is accused of accepting more than $1 million in exchange for providing confidential information to Apple suppliers in Asia. The suppliers allegedly used the information to negotiate favorable contracts with Apple, which is based in Cupertino.

"Apple is committed to the highest ethical standards in the way we do business," company spokesman Steve Dowling said in a statement. "We have zero tolerance for dishonest behavior inside or outside the company."

Authorities say Singapore resident Andrew Ang was one of the suppliers involved in Devine's alleged scam. Ang is also named in the federal indictment.

Authorities have declined to comment on Ang's whereabouts.

Devine is being held by the U.S. Marshals Service though authorities did not make clear where. He is scheduled to appear in federal court in San Jose Monday afternoon.

——

Information from: San Jose Mercury News, http://www.sjmercury.com

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  Comment  |
   Contact  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

US Crude Plunges 10% in Biggest One-Day Drop Since 2009

Friday, 28 Nov 2014 21:41 PM

U.S. crude tumbled 10 percent in its biggest one-day drop in more than five years on Friday, and benchmark Brent broke b . . .

National Protests Over Ferguson Briefly Close Malls, Shut Down Trains

Friday, 28 Nov 2014 21:20 PM

Demonstrators temporarily shut down two large malls in suburban St. Louis on one of the busiest shopping days of the yea . . .

Next Partisan 'War' in New Congress Will Be Over Science

Friday, 28 Nov 2014 19:58 PM

After midterm battles, an immigration standoff and amid a switch of power in Congress, the next political fight in Washi . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved