Former Apple Employee Charged With Defrauding Company of Over $10 Million

[Stryder541]

The charge of tax evasion made me laugh.

It’s very common. It’s how the Fed finally took down Al Capone

 

[4jasontv]

It’s very common. It’s how the Fed finally took down Al Capone

Clearly, they should have incorporated first.

 

[DeepIn2U]

It's easier than you think honestly. I worked at Apple in the supply chain management for about 6 years. There's a level of trust when you work in those positions. It's the same at a lot of companies. But also you're talking about a LOT of purchase orders. That dept handled EVERY Apple sold item , even stuff Apple doesn't produce. If you are stupid..yet smart and bold enough you can do it, and it will be a while before you're caught, but it will eventually happen. All those PO's are tracked and linked to your user ID. The financial discrepancy will eventually become big enough to get someone's attention.

Seems like the approval process NEEDS to be overhauled with various levels of approvals as cost scales upwards with proper checking of goods/services rendered and received and delivered vs payments to the right people or better yet to companies entities verified and consistently verified and audited.

 

[DeepIn2U]

It’s very common. It’s how the Fed finally took down Al Capone

Truth lol. It’s also how “money laundering” was coined from in how Capone’s finances could not all be proven or seized.

I’m literary doing a corporate financial course on this atm. Awesome stuff.

 

[Htsi]

Stunning ”courage“

 

[laptech]

It's easier than you think honestly. I worked at Apple in the supply chain management for about 6 years. There's a level of trust when you work in those positions. It's the same at a lot of companies. But also you're talking about a LOT of purchase orders. That dept handled EVERY Apple sold item , even stuff Apple doesn't produce. If you are stupid..yet smart and bold enough you can do it, and it will be a while before you're caught, but it will eventually happen. All those PO's are tracked and linked to your user ID. The financial discrepancy will eventually become big enough to get someone's attention.

if you worked in the same department, Supply Chain Management then you have exclusive knowledge as to how the employee would have been able to pull this off. Therefore can you please provide a basic breakdown of how Apple's supply chain works, more to the point the paper trail because it would be very interesting to get an insiders views on this rather than someone just searching the internet looking for how it works.

 

[mBox]

He will be forced to use Androids for the remainder of his life

 

[svish]

Culprit is caught. Good!!