Former Apple Employee Will Serve Time and Pay Restitution for Swindling Company


According to the U.S. Attorney’s Office of the Northern District of California, a federal district court judge sentenced an ex-Apple employee for stealing millions of dollars from the company.

Dhirendra’s Prasad was sentenced for two charges – conspiracy to commit wire fraud, mail fraud, and conspiracy to defraud the U.S. – stemming from an alleged scheme that cost Apple $17 million.

The U.S. Attorney’s Office announced Wednesday the details of the sentencing for the 55-year-old.

Prasad received a sentence of three years imprisonment.

The prosecution said that he owes nearly $19.3 Million in restitution.

Apple was contacted for a comment.

Nearly six months had passed since the U.S. Attorney’s Office of the Northern District of California announced that Prasad had entered into a plea deal in the case.

Prasad was previously charged with money laundering conspiracy, tax evasion, and other charges.

According to the press release, his scheme included “taking kickbacks from Apple, stealing parts, and inflating invoices to make Apple pay for services and items it never received.”

He did this while “facilitating the process through which Apple purchased parts to perform a warranty repair on older devices.”

The U.S. Attorney’s Office accused Prasad, during his tenure with the tech giant between 2008-2018, of fraud. Prosecutors claim that he used insider information to try and avoid Apple’s fraud detection techniques.

According to a separate release from November, authorities also claim that Prasad used the money he stole to purchase multiple properties and assets worth over $5 million. He later forfeited these assets.

According to the district prosecutor’s office, Prasad also received an additional three-year sentence of supervised release.

The IRS criminal investigation unit led the investigation.