Onetime Apple supply manager Paul Shin Devine will spend a year in prison and repay $4.5 million for selling Apple’s secrets to suppliers, the AP reports . Devine, who worked at Apple from 2005 until his arrest in August of 2010 , pleaded guilty to wire fraud, conspiracy, and money laundering—and could have been sentenced to as much as 20 years in prison. Working with Singapore resident Andrew Ang, Devine was accused of selling confidential information to companies that hoped to become Apple suppliers, and to suppliers trying to negotiate better deals with the company. Winning an Apple contract can be a make-or-break moment for a supplier, as we saw in the recent dust-up between Apple and would-be sapphire manufacturer GT Advanced Technologies ; companies hoping to get in on the action sent “millions in kickbacks” to Devine. Ang and Chua Kim Guan, who were respectively the sales director and general manager of Jin Li Mould Manufacturing, were charged in 2013 for bribing Devine. They were accused of paying Devine $387,600 between 2006 and 2009. Read on Ars Technica | Comments
Continue reading here:
Apple manager gets year in jail, $4.5m fine for selling industry secrets
