Rotten Apple Employee Arrested for Money Laundering, Taking Kickbacks

by admin
August 16, 2010

Apple’s PR department has had to work overtime lately, first to provide damage control for the iPhone 4 debacle, and now to distance itself from a former manager who has just been indicted by a federal grand jury for a number of alleged illegal behavior.

Specifically, Paul Shin Devine of Sunnyvale, California, was arrested and charged with fraud, money laundering, and taking kickbacks, according to a report in The New York Times.

“Apple is committed to the highest ethical standards in the way we do business,” a company spokesman said in a statement (try not to chuckle). “We have zero tolerance for dishonest behavior inside or outside the company.”

Authorities have accused Devine of pocketing more than $1 million in exchange for giving confidential information to Apple suppliers, who then used the intel to negotiate fat contracts with Apple.

Share and Enjoy:
  • Digg
  • StumbleUpon
  • del.icio.us
  • Facebook
  • Yahoo! Buzz
  • Twitter
  • Google Bookmarks
  • Add to favorites
  • Google Buzz
  • LinkedIn
  • email

Related posts:

  1. Rumor: Apple to Have an Affair with AMD, Dump Intel
  2. Apple to Drop AT&T Exclusivity for iPhone Wednesday?
  3. Apple Copied The iPad From Chinese Company&#63
  4. What’s the Riskiest City for Web Surfing&#63
  5. NVIDIA CEO, Visiting Dubai, Says "I’m all Apple"

Tags: , , , , , ,

Leave a Reply