Midlevel Apple Exec Took $1,000,000 in Kickbacks
An Apple executive is accused of taking more than $1 million in kickbacks from the company's Asian partners.
Paul Shin Devine, a global supply manager at Apple, has been arrested on suspicion of taking over a million dollars in kickbacks from six Asian suppliers of iPhone and iPod accessories, the Mercury News reports. Also named in the case is Andrew Ang of Singapore.
Devine is said to have used his position as a midlevel executive at Apple to gain access to confidential information. Devin would then sell this information on to Ang and other suppliers, allowing them to negotiate better contracts with Apple. Mercury News reports that the payments were received via numerous U.S. and foreign bank accounts and a front company, and shared with Ang.
The 37-year-old is being held by the U.S. Marshals Service and will appear in the U.S. Northern District Court in San Jose at 1:30 p.m. today.
An Apple spokesperson reaffirmed the Cupertino-based company's zero-tolerance policy for dishonest business practices.
"Apple is committed to the highest ethical standards in the way we do business," Apple's Steve Dowling said. "We have zero tolerance for dishonest behavior inside or outside the company."
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"Apple is committed to the highest ethical standards in the way we do business,"
LOL!!!
*cough*foxconn*cough*
FFS, I wonder if I can send Apple the bill for getting my monitor fixed after I spat out my coffee all over it.
Ok, here's the C# for it:
if (Apple == ethical && Jobs.HasNoticed)
{
Jobs.ThrowWobbly(WobblyType.BlameSupplier);
Apple = !ethical;
Apple.Profit++;
Supplier.Employees--;
Jobs.Ego *= 10;
}
There. Nice 'n' succinct. :-)
"Zero tolerance for dishonest business practices" lol,
There was about 30 comments on this, why only 3 now?
There was about 30 comments on this, why only 3 now?
Because the other 27 were just spam.
That's not true, one was mine.
In fact there were alot of others that weren't spam, I read all of them.
In fact there were alot of others that weren't spam, I read all of them.
I only deleted the spam, honest guv.
No worries bra, I'll stop hassling you if you if you tell me how to make Jane's pic bigger...