Apple’s former employee, Dhirendra Prasad, was sentenced to three years in prison and ordered to pay over $19 million for his involvement in siphoning off $17 million from the company. Prasad was a buyer in Apple’s global service supply chain from 2008 to 2018 and conspired to defraud Apple and evade taxes. He admitted to cheating Apple by accepting kickbacks, stealing parts, inflating invoices, and charging the company for goods that were never delivered. Prasad also worked with two vendor companies that sold parts to Apple and together, they cheated Apple out of more than $17 million.

As per the US Department of Justice, Prasad used his position at Apple to exploit insider information on the company’s fraud detection techniques to hide his illegal activities. He abused his power and betrayed the trust of his employer to enrich himself while accepting hundreds-of-thousands of dollars’ worth of compensation from Apple in the form of salary and bonuses. The government’s sentencing memorandum also revealed that Prasad did not pay taxes on the money he made from his fraudulent activities.

After pleading guilty to conspiring to defraud Apple and related tax crimes in November 2021, Prasad was charged in March 2022. The investigation was carried out by Michael G. Pitman and Karen Beausey, who worked with the IRS to uncover Prasad’s fraudulent activities.

Despite having a good job at Apple, Prasad’s greed got the better of him, causing the company to suffer significant financial losses. Now, he is going to jail for three years, must give back all the money and assets he obtained through fraudulent means, and pay back the taxes he evaded. After serving his sentence, he will be under close monitoring for three years.

Dhirendra Prasad’s actions serve as a warning that no matter how high up in a company one may be, fraudulent activities will not go unnoticed, and justice will be served.

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