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Apple Exec Stashed $150,000 In Shoe Boxes

Posted by CmdrTaco on from the but-it'll-thaw-out dept.

angry tapir writes "US federal agents found more than US$150,000 in cash when they searched the house of Apple manager Paul Devine earlier this month, according to prosecutors. 'He had over $150,000 stored in shoe boxes,' Department of Justice Attorney Michelle Kane said. Devine was charged two weeks ago with taking kickbacks from Apple suppliers."

1 of 345 comments (clear)

  1. Inflation by DocSavage64109 · · Score: 5, Informative

    One of the problems with stashing $150,000 in cash is that you lose some $4,500/yr (or more) due to inflation. See http://en.wikipedia.org/wiki/File:US_Historical_Inflation_Ancient.svg