Tuesday, March 1, 2011

Former Apple manager may get 20 years for leaking Apple secrets

You don't mess with the Steve
You got that right, don't mess with AppleA former Apple manager, Paul Devine, learnt that the hard way. He has pleaded guilty to accusations of wire fraud and money laundering. His sentence will be read on June 6 and he could face up to 20 years in prison.

In return for leaking Apple's secrets, manufacturers and suppliers gave him money for the inside information. It was proved by the court and Mr. Devine subsequently admitted the accusation. His actions had caused Apple a loss of $2,409,000.

He has contested to give up money and property worth approximately $2.28 million as part of the plea bargain. When he was arrested, federal agents had found about $150 000 in shoe boxes and more money in foreign accounts and safe deposit boxes. 

No comments:

Post a Comment