This is our daily post that is shared across Twitter & Telegram and published first on here with Kindness & Love ❤️❤️ on My.Daz.blog

#AceNewsRoom With ‘Kindness & Wisdom’ Mar.20, 2022 @acenewsservices

Follow Our Breaking & Daily News Here As It Happens:

#AceDailyNews Court Report: Former Apple employee, charged with fraud amounting to $13.47 million, has finances frozen, five properties seized

A former Apple employee has been charged with defrauding the tech giant out of more than $US10 million ($13.47 million) by taking kickbacks, stealing equipment and laundering money, US federal prosecutors said.

ABC News Report: Dhirendra Prasad, 52, worked for 10 years as a buyer in Apple’s Global Service Supply Chain department.

A federal criminal case unsealed on Friday alleges that he exploited his position to defraud the company via several schemes, including stealing parts and causing the company to pay for items and services it never received.

After obtaining a court order, the federal government has seized five real estate properties and financial accounts worth about $US5 million from Mr Prasad, and will seek to keep those assets as proceeds of crime, the US Attorney’s office in San Jose said in a news release.

Facing multiple charges

Mr Prasad is scheduled to make his first appearance in the US District Court in San Jose next Thursday to answer to charges of engaging in a conspiracy to commit fraud, money laundering and tax evasion.

It was unclear whether the accused had retained a lawyer. A phone number listed for Mr Prasad was disconnected.

Prosecutors said two owners of vendor companies that did business with Apple have admitted to conspiring with Mr Prasad to commit fraud and launder money.

Fraud, money laundering and tax evasion each carry maximum sentences of five to 20 years’ jail, but sentencing guidelines and judges’ discretion mean most people convicted of fraud in Federal Court receive less than the maximum sentence.

AP

Editor says …Sterling Publishing & Media Service Agency is not responsible for the content of external site or from any reports, posts or links, and can also be found here on Telegram: https://t.me/acenewsdaily all of our posts from Twitter can be found here: https://acetwitternews.wordpress.com/ and all wordpress and live posts and links here: https://acenewsroom.wordpress.com/ and thanks for following as always appreciate every like, reblog or retweet and free help and guidance tips on your PC software or need help & guidance from our experts AcePCHelp.WordPress.Com