Live
- MP Sribharat pitches for pending salaries of VSP employees
- Fire mishap at suitcase factory
- Govt forms task force to ensure food safety
- Job Mela: Over 2,500 secure jobs in various companies
- Vijayawada: Officials seize expired food items
- Govt urged to set up police stations at TIDCO colonies
- RRR Custodial Torture: Police seek 5 days custody of Vijay Paul
- Collector AS Dinesh Kumar assures basic amenities in remote villages
- Mahatma Phule remembered on 134th death anniversary
- Congress, BJP, BRS jump into poll mode
Former Apple boss jailed for breach of secrecy
Former Apple Boss Jailed for Breach of Secrecy. A former Apple executive who made millions by selling information about the firm to its suppliers has been sentenced to a year in jail, the Reuters said.
Washington: A former Apple executive who made millions by selling information about the firm to its suppliers has been sentenced to a year in jail, the Reuters said.
Paul Shin Devine must also repay almost $4.5m of the money he made.
.jpg)
Manufacturers paid Devine to find out about Apple products and practices to help them negotiate better deals.
Devine was sentenced in California more than three years after pleading guilty to charges relating to wire fraud, money laundering and conspiracy.
Devine was Apple's global supply manager from 2005 to 2010 when he was arrested for running the scheme.
According to information published by the Department of Justice, Devine's kickback scheme began in 2007 after which he agreed to pass on product forecasts, pricing targets and product specifications to manufacturers in return for cash.
Some of the payments were tied to the size of the deal the supplier or manufacturer managed to sign with Apple.
