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Ex-Apple employee admits to defrauding company of over $17 million

November 2, 2022

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A former Apple employee has admitted to bilking the company of more than $17 million throughout his seven-year tenure there.

Dhirendra Prasad – who was employed as a buyer – pleaded guilty to defrauding the tech giant through various schemes, reported CBS News. “Prasad admitted these schemes continued through 2018 and ultimately resulted in a loss to Apple of more than $17 million,” the statement said.

The fraud involved “taking kickbacks, inflating invoices, stealing parts, and causing Apple to pay for items and services never received,” prosecutors said in a statement, according to the report.

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