Apple, Amazon, Microsoft will set the tone for rest of 2022: Kenny Polcari
SlateStone Wealth chief market strategist Kenny Polcari and Sarge986 president Stephen Guilfoyle review Big Tech earnings on ‘The Claman Countdown.’
A former Apple employee pleaded guilty on Tuesday to defrauding the company out of more than $17 million over a period of seven years, according to federal prosecutors.
In a plea agreement entered Tuesday, Dhirendra Prasad described the schemes he carried out while he worked as a buyer for Apple's Global Service Supply chain.
The U.S. Attorney's Office said the 52-year-old arranged to have Apple components shipped to an outside vendor’s warehouse. There, the components were repackaged and sold back to Apple.
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Prasad admitted the fraud involved "taking kickbacks, inflating invoices, stealing parts and causing Apple to pay for items and services never received," prosecutors said in a statement.