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Apple Manager Arrested In Kickback Scheme

Posted by timothy on from the market-distortion-field dept.

pickens writes "A midlevel Apple manager was arrested Friday and accused of accepting more than $1 million in kickbacks from half a dozen Asian suppliers of iPhone and iPod accessories in a federal indictment unsealed and a separate civil suit. Paul Shin Devine, a global supply manager, and Andrew Ang, of Singapore, were named in a 23-count federal grand jury indictment for wire fraud, money laundering and kickbacks. 'Apple is committed to the highest ethical standards in the way we do business,' Apple spokesman Steve Dowling said in a statement. 'We have zero tolerance for dishonest behavior inside or outside the company.' The alleged scheme used an elaborate chain of US and foreign bank accounts and one front company to receive payments, the indictment said, and code words like 'sample' were used to refer to the payments so that Apple co-workers wouldn't become suspicious."

8 of 218 comments (clear)

  1. Memo... by grub · · Score: 5, Funny


    You're "dogs don't shit where they eat"-ing it wrong.

    Steve

    --
    Trolling is a art,
  2. highest ethical standards by Anonymous Coward · · Score: 5, Insightful

    'Apple is committed to the highest ethical standards in the way we do business,' . That's why we manufacture in China.

    1. Re:highest ethical standards by Anonymous Coward · · Score: 5, Informative

      slave labor, destroying the environment, etc...

    2. Re:highest ethical standards by BasilBrush · · Score: 5, Insightful

      On the wage front, it's fairly orthodox among modern economists to believe that a minimum wage does more harm that good to low income earnings (by making it impossible for many to get a job at all).

      That's not the experience in the UK. They introduced a minimum wage in 1999, and increased it every year. For years after, employment went up, not down. None of the claims that businesses would go bankrupt, or stop employing certain categories of workers turned out to be true.

      For sure there are problems with unemployment now because of the recession caused by the banking crisis. But that isn't caused by the minimum wage.

      If you examine executive pay for public companies, you'll see that companies usually can afford to increase the payroll. It's just that the executives get to decide which part of the payroll to increase, and big surprise, they choose to pay themselves more, rather than increase the wages of the lowest level employees. It takes minimum wage legislation or unions to deal with this problem.

  3. The Good News by bacon+volcano · · Score: 5, Informative

    Looks like a Global Supply Manager position just became available!

    http://jobs.apple.com/index.ajs?BID=1&method=mExternal.showJob&RID=58206&CurrentPage=7

  4. Apple Manager Arrested In Kickback Scheme by omar.sahal · · Score: 5, Informative

    The indictment describes a scheme in which Devine used his position at Apple to obtain confidential information, which he transmitted to Apple suppliers, including Ang. In return, the suppliers and manufacturers paid Devine kickbacks, which he shared with Ang. The information enabled the suppliers to negotiate favorable contracts with Apple, according to the indictment.

    In case you wanted to know what the scam was, and not read the article.

  5. back dated options, anyone? by haystor · · Score: 5, Insightful

    'We have zero tolerance for dishonest behavior inside or outside the company.'

    *cough*
    back dated options
    *cough*

    --
    t
  6. Buying a Nokia soon? by Ilgaz · · Score: 5, Interesting

    Nokia is known to be obsessed with environment and living standards of their workers. They are also one of the most truly global thinking companies who cares about cultural diversity.

    Not just that, they purchased Qt from Trolltech and spend millions of engineering hours with millions of dollars to open source their key operating system. That massive work also finds its way to Linux/BSD.

    The point is, seen anyone giving a fsck lately?