Ex Apple staffer accused of tax evasion, money laundering

The federal government will seize 5 real-estate properties and accounts worth US $5 million

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Dhirendra Prasad, a 52-year old ex-employee of Apple has been accused of defrauding the tech company of over US $10 million through money laundering, by taking accepting bribes, evading taxes and stealing equipment. Prasad had spent a decade at Apple’s Global Service Supply Chain as a buyer.

He is accused of defrauding the tech major in various schemes, and also for making Apple pay for things and services it never got. The federal government has been allowed by the court to seize five real-estate properties along with financial accounts worth about US $5 million from Prasad. These assets have been called proceeds of crime.

Two vendor companies have also been found to have been party to the crime with Prasad. Next week, Prasad will appear in the US District Court in San Jose.

The minimum sentence is 20 years each for fraud, money laundering and tax evasion. However, the actual sentence is usually reduced, depending on the judge.

Earlier this month, 38-year old Teang Liu, a Chinese, was sentenced to 12 months and a day in prison for conspiring to defraud Apple of over a $1 million.

Liu had pleaded guilty in February 2021 to one count of conspiracy to commit mail fraud. Along with serving a prison terms, Liu was ordered to pay a fine of $577,780 in restitution and $57,780 in a forfeiture money judgment. After the prison term, Liu will be on a year’s supervised release.

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