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LG suspended supply of products to Russia; former Apple employees were charged with recovery of the deduction and fraud

【Technology Dog】

On March 19, LG posted a brief announcement on its website announcing the suspension of product offerings to Russia. LG said it had suspended shipments to Russia and would continue to monitor developments closely. LG cares deeply about the health and safety of all and remains committed to supporting humanitarian relief efforts.

Samsung, also a South Korean manufacturer, announced a moratorium on supply to Russia as early as March 5, and Samsung also said it would donate $6 million to humanitarian efforts in Ukraine, including $1 million in consumer electronics.

LG suspended supply of products to Russia; former Apple employees were charged with recovery of the deduction and fraud

According to the IRS and federal prosecutors, a former Apple employee is suspected of receiving kickbacks, fraud and embezzlement charges, which cost Apple tens of millions of dollars.

LG suspended supply of products to Russia; former Apple employees were charged with recovery of the deduction and fraud

The former employee, Dhirendra Prasad, is 52 years old and worked at Apple from 2008 to 2018, spending most of his time as a buyer in Apple's global service supply chain. Taking advantage of his position in cooperation with suppliers, Prasad allegedly "participated in several different scams to deceive his own employers.".

Prasad's offenses include "accepting kickbacks, stealing parts, and causing Apple to pay for products and services it never received," as well as other allegations of fraud, money laundering and tax evasion, each punishable by up to 5 to 20 years in prison. These activities allegedly cost Apple more than $10 million in total.

The case has yet to be tried, and Prasad will appear for the first time next Thursday in the U.S. District Court in San Jose. Law enforcement agencies have obtained court approval to confiscate Prasad's $5 million worth of cash and property with the aim of preserving the assets as proceeds of crime.

Prasad wasn't the only one linked to the scam, two other men in California were involved in the case, who owned the company that sold products to Apple and conspired with Prasad to commit fraud and money laundering. Both have been charged in different cases and both have "confessed their crimes".

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