Paul Shin Devine has his claim to fame now. He’s was a mid-level Apple manager who was arrested Friday on 23-counts of wire fraud, money laundering and getting kickbacks. The reason is for selling trade secrets to 6 or so Asian iPhone and iPod accessories suppliers. Apparently it’s been going on for years and the amount he’s received is over the million dollar mark.
The investigation was conducted by the FBI and the IRS and Devine used his role at Apple to get confidential product information and then in turn get kickbacks forwarded to several bank accounts and fake companies, some in his wife’s name such as “CPK Engineering”. The accessory companies were not yet made public. Apple spokesman Steve Dowling said “Apple is committed to the highest ethical standards in the way we do business. We have zero tolerance for dishonest behavior inside or outside the company.”
Seems like Apple is hammering down these days harder than ever.