Published in News

Apple bloke had a lot of cash sitting in his house

by on25 August 2010

Needs to explain $150,000
The Apple manager who is charged with taking bribes from Eastern manufacturers has to explain why he had $150,000 in cash stored in shoe boxes in his house.

Paul Shin Devine, an Apple global supply manager, was arrested last week for allegedly taking kickbacks from several suppliers to Apple. He has pleaded not guilty to 23 counts of wire fraud, money laundering, conspiracy, and accepting kickbacks last week.

Prosecutors said that he used his role at Apple to acquire confidential information, which he then sold to several suppliers to help them negotiate better contracts with Jobs' mob. We are not sure what his defence will be but he has to explain why
coppers found $150,000 in US banknotes in shoe boxes and $20,000 in other currencies.

There is no telling if any more cash might turn up in two personal safe-deposit boxes which prosecutors want to look at or what Department of Justice Attorney Michelle Kane called "a significant number of accounts overseas." Apple has also filed a civil suit against Devine, charging him with accepting more than $1 million in bribes from suppliers over the past few years.

We are sure Devine has a good reason for all that cash lying around.  Maybe he just sold off a few of his iPads, or iMacs, they are worth a fortune.
Rate this item
(0 votes)