According to a report, “37 year old Paul Shin Devine of Sunnyvale, California was named in the 23 count indictment along with Andrew Ang of Singapore.” “The charges relate to an alleged fraud scheme that claims Devine used his security clearance at Apple to provide confidential information about upcoming products to Apple’s suppliers, including Ang. The indictment says those suppliers then used the secrets to negotiate favorable contracts with Apple and subsequently paid Devine kickbacks, which he shared with Ang.”
The companies involved were not named, but include suppliers for iPhone and iPod products and were said to be located in “various countries in Asia,” including China, Singapore, South Korea and Taiwan.
The funds said to be laundered through a series of accounts in US and foreign banks, under his and his wife’s names, with payments identified as “samples” so as not to arouse suspicion.
In addition to criminal prosecution, Apple is also reportedly bringing a civil suit that claims Devine accepted more than a million dollars in “payments, kickbacks and bribes” over several years.