A former employee of Apple faces federal charges alleging that he defrauded his former employer of millions of dollars.
52-year-old Dhirendra Prasad faces charges of engaging in conspiracy to commit fraud, money laundering, and tax evasion, according to federal officials.Prasad allegedly engaged in"multiple different schemes to defraud Apple,” according to U.S. Attorney Stephanie Hinds’s office. The schemes included taking kickbacks, stealing parts, and having Apple pay for items it never received, leading to a loss of more than $10 million in assets by the Big Tech company.
The employee also allegedly conspired with two other vendors working with Apple to launder money and commit fraud. The two vendors, identified as Robert Gary Hansen and Don M. Baker, were charged in separate cases. The government also filed a civil forfeiture action against Prasad, freezing more than $5 million in assets and seizing multiple real estate properties.Apple announced on March 8 that it was releasing the Mac Studio, its fastest and most powerful compact desktop. The new computer will run on the M1 Ultra processor, the tech company's fastest chip to date.
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