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michaelrulaz t1_iuqv3ww wrote

When the feds bring charges, they almost always get a conviction. They have an impressively high conviction rate. I’m assuming since he pleaded guilty AND he had accomplices facing charges still that he cut a deal.

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Justme100001 t1_iuqyfe8 wrote

Such a strange word "defrauding". Almost like he got rid of a problem Apple was dealing with all the time, costing them hundreds of millions, for only $17 million and 99 cents...

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InfamousBrad t1_iur61p1 wrote

> For one scheme, prosecutors said Prasad arranged to have Apple components shipped to an outside vendor's warehouse, where they were repackaged and eventually sold back to Apple.

Are you kidding me? That scam was in my textbook on computer-related crime in 1979, after somebody pulled it on AT&T. It's the kind of thing that even rudimentary accounting controls should catch, these days.

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SpaceTabs t1_iurgw7i wrote

It's like payment card fraud. There's more fraud than ever, chip cards did nothing, and the credit card companies just pass on the losses to the consumer. So did Apple, given the amount of profits.

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Love_To_Burn_Fiji t1_iuru6ks wrote

"$17 million? But I stole $45 mil........uhh I meant yeah that's correct. $17 Million."

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REiiGN t1_iurvm35 wrote

Got the decimal place wrong didn't they?

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UnpackNews t1_iusal32 wrote

He stole 5% of the taxes they should be paying

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InfamousBrad t1_iussq4h wrote

You get a job managing inventory. As stuff comes in, you steal it, and ship it to a warehouse you rented. Once it gets there, you sell it back to the company at a bargain rate, cheaper than any of their other providers.

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