14 August 2010

Apple's Paul Shin Devine Cited In Alleged Kickback Scheme

WSJ: Apple Employee Cited In Alleged Kickback Scheme - WSJ.com:
An employee of Apple Inc. (AAPL) was arrested Friday for allegedly receiving more than $1 million in kickbacks from six companies in Asia that serve as suppliers to the Silicon Valley company.

Paul Shin Devine, a global supply manager at Apple, was charged in a federal grand jury indictment of offenses that include wire fraud, money laundering and unlawful monetary transactions. The indictment also names Andrew Ang, an employee of one of Apple's suppliers.

Apple also named Devine in a civil suit filed Friday in U.S. District Court in San Jose, Calif., which includes allegations of fraud and violations of racketeering laws. He is scheduled to make a court appearance Monday.

Slashdot has additional details.

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