Former Apple employee must repay $19 million after defrauding the company
to three years in prison and must pay back over $19 million in restitution for stealing around $17 million from the tech giant through mail and wire fraud schemes. Dhirendra Prasad, 55, was originally charged in March 2022 and later pleaded guilty to conspiring to defraud Apple and related tax crimes back inPrasad was employed at the company between 2008 and 2018, mostly working as a buyer in Apple’s global service supply chain, purchasing parts and services from vendors.
Prasad pleaded guilty to one count of conspiracy to commit mail fraud and wire fraud and one count of conspiracy to defraud the United States. In addition to his three-year prison sentence, Prasad has agreed to pay back $19,270,683 in restitutions — $17,398,104 to Apple and $1,872,579 to the IRS for the tax he owes. He has also been ordered to forfeit over $5.4 million worth of assets that the government has already seized and pay an additional $8.1 million in cash.
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