Former Apple employee Dhirendra Prasad to lose real estate property and assets for stealing $10 million

Apple Inc

A former Apple employee, Dhirendra Prasad, has been charged by U.S. prosecutors with defrauding the iPhone maker for more than $10 million through a series of schemes.

According to filings with the federal court in San Jose, Califronia, Prasad faces five criminal counts after exploiting his “position of trust” as a buyer in Apple’s global service supply chain to defraud the company.

Prosecutors said Prasad, as an Apple buyer, negotiated with vendors and placed orders, which were paid by Apple based on invoice amounts he entered into the company’s purchasing system.

Prasad also allegedly took kickbacks, stole parts using false repair orders, and caused Apple to pay for items and services it never received.

Prosecutors claimed Prasad, who was fired by Apple in December 2018 after a decade of employment, also evaded taxes and laundered proceeds from his illegal activities.

Court records indicated two owners of vendors that did business with Apple, and allegedly conspired with Prasad on similar fraud schemes, pleaded guilty to related charges in December.

Prasad also faces other charges, including conspiring to commit wire and mail fraud, money laundering, defrauding the country, and tax evasion.

Prosecutors also want him to forfeit millions of dollars of real property and other assets. Dhirendra Prasad, 52, of Mountain House in San Joaquin County was arraignment on 24 March, 2022.