The Mercury News is reporting that Paul Shin Devine , a midlevel Apple global supply managing director , has been arrested and accused of accept $ 1 million in kickbacks from Asian provider of iPhone and iPod accessories . He allegedly sold confidential information .
Devine ’s alleged co - conspirator , Andrew Ang of Singapore , was also named in the 23 - count federal rarefied panel indictment that include kickback , money laundering , and wire fraud . The company he allegedly sold information to were not named .
The indictment describes a system in which Devine used his position at Apple to hold secret selective information , which he transmitted to Apple provider , admit Ang . In proceeds , the suppliers and manufacturers paid Devine kickbacks , which he shared with Ang . The selective information start the provider to negotiate favorable contract with Apple , allot to the indictment
The FBI and IRS found that Devine held multiple bank score in several nation in Asia plus other accounts under his wife ’s name . There was also a company that he used to receive kickback payment . Apple has also filed a separate polite suit against Devine . [ Mercury NewsviaBusiness Insider ]
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