Former Apple Global Supply Manager Paul Devine will face a year in prison and a hefty $4.5 million fine for leaking secrets of the company to various accessory manufacturers in exchange for kickbacks, reports Associated Press.
The sentencing comes over three years after Devine pleaded guilty to wire fraud, money laundering, and conspiracy in relation to the leaking of Apple secrets. At the time, Devine faced a possible twenty-year sentencing over the fraud and money laundering counts.
Devine was Apple's Global Supply Manager for five years, from 2005 through his arrest in August of 2010. The specifics of why Devine received a far shorter sentence than the possible twenty years he originally faced and the basis of the $4.5 million fine are unclear, as Devine's kickback amount was previously estimated at roughly $1 million.
One of the confirmed companies Devine received kickbacks from was Kaedar Electronics, which was a subsidiary of long-time Apple manufacturing partner Pegatron. Kaedar supplied Apple with iPod packing boxes starting in 2005, and admitted to paying kickbacks to an intermediary company between 2005 and 2008 in exchange for confidential Apple information that assisted certain contract negotiations with the company.
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Top Rated Comments
I have first hand experience that white-collar crime does hurt people. It often robs them of their futures and their jobs. Companies go broke because of people like him.
We will throw someone in prison for 8 years for possession of crack cocaine while slapping someone on the wrist for what he did.
So I disagree with you.
His crime was wire fraud and money laundering
So this guy spends a year in some federal pound-me-in-the-ass prison, yet banksters who ignited a world economic collapse with their fraudulent credit default swaps get nothing? WTF?
There is no bachelors degree from MIT, Harvard or YALE that can save you when you are tagged as a fraud and a thief.
All that education, didn't teach him one iota... He had the knowledge and power to make it to the top, working hard with sacrifice. Instead he took his MIT background and try to coast his way to the top.
Good Riddance, I hope he becomes someone's sweetheart in jail.