Paul Devine, former Global Supply Manager for Apple, has just been sentenced in court for leaking product info, amongst other charges.
The supply chain don has landed one year in prison, along with a suitably hefty $4.5 million fine for his role in a lucrative criminal conspiracy.
Devine plead guilty to the charges – of which there were 23 – back in 2011, including wire fraud, kickbacks, and money laundering.
According to reports, Device abused his position of power in Apple’s supply chain to feed product info to suppliers.
The unscrupulous suppliers then used the dodgy information in negotiations with Apple, with Devine accruing tidy sums in return.
Devine was ordered to hand over $2.3 million in assets, as well as $150,000 stored in shoe-boxes around his home.
The ex-manager’s wife also held dodgy dollars in her own bank, with around $1 million shared in accounts between them.
His money was laundered through a company called CPK Engineering, as well as being routed through various bank accounts in both the USA and South Korea.
Chua Kim Guan, from Singapore, has also been charged in his home-land for kicking back money to Devine in return for info.
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Via: AppleInsider
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Editorial independence means being able to give an unbiased verdict about a product or company, with the avoidance of conflicts of interest. To ensure this is possible, every member of the editorial staff follows a clear code of conduct.
Professional conduct
We also expect our journalists to follow clear ethical standards in their work. Our staff members must strive for honesty and accuracy in everything they do. We follow the IPSO Editors’ code of practice to underpin these standards.
