Former Apple Employee Pleads Guilty to Stealing More Than $17 Million

[Pitogyro]

What's that, like 20 maxed out Mac Pros and wheels?

Without the wheels

 

[Edsel]

Life/Business Lesson: Have an outside CPA firm do an audit of your books and accounts every few years. You would be shocked at how often trusted employees steal from their employer.

 

[SoldOnApple]

Should have stopped at 16 million, but I guess it must feel too easy after a while.

 

[bpeeps]

If he returns it, will the stock go back up? /s

You're asking the real questions.

Also the graphic design in this post is god awfu.

 

[DotCom2]

Do you know how many sofa cushions they had to check at HQ? It’s a big place!

More the reason they can afford a better security department.

 

[ProfessionalFan]

Should have stopped at 16 million, but I guess it must feel too easy after a while.

Yeah people always get caught eventually because they don't stop until they are caught.

 

[johnsc3]

Poor internal controls, if this could go on that long. Still 25 years in prison is maybe a bit rough. Not a capital crime in the end.

Apple knows; they’ll play the game long enough to know all the players and then start to bring those involved with charges and drop the number of dollars these folks have stolen on the criminals to get more information. This isn’t the right thing to do- but there is a right way and a wrong way do it.

 

[ProfessionalFan]

Life/Business Lesson: Have an outside CPA firm do an audit of your books and accounts every few years. You would be shocked at how often trusted employees steal from their employer.

Yep and just imagine the untrustworthy employees

 

[ProfessionalFan]

Still 25 years in prison is maybe a bit rough.

That's the maximum, he is unlikely to get the maximum

 

[HiRez]

Poor internal controls, if this could go on that long. Still 25 years in prison is maybe a bit rough. Not a capital crime in the end.

25 is pretty steep, but I bet he serves less than 3 in the end, and will get off too lightly IMO. They probably will never recover all the cash either.

 

[Mr. Dee]

Apple likes to give employees like this a long rope to hang themselves. Its like they know whats going on, but just like sitting back watching the charges accumulate one after the other.

 

[ElectricPotato]

No bonus for you!

 

[killawat]

25 is pretty steep

Prasad also funneled illicit payments from Hansen to his creditors, and he also created a shell company to send sham invoices to CTrends to hide illicit payments and to allow Baker to claim hundreds of thousands of dollars of unjustified tax deductions.

They ripped off the IRS too. They're gonna have a really bad time.

 

[ProfessionalFan]

They probably will never recover all the cash either.

I read that 5 million is being recovered and being given to the US government. Shouldn't that money go back to Apple?

 

[dylanthomas]

That's nothing, Jony Ive stole $100 million from Apple between 2019 and 2022.

 

[ProfessionalFan]

That's nothing, Jony Ive stole $100 million from Apple between 2019 and 2022.

It's interesting how split Apple customers are on Ive. Half seem to love his work and the other half seem to hate his work. With nobody in the middle.

 

[mattopotamus]

I've known several people who owned or were high up in businesses and all have said it comes down to greed. They said if they employee had kept their theft down to a lower amount, it would have never been caught. It was always someone who started (relatively) small, didn't get caught, and increased their theft. At some point, the amount being stolen was enough to trigger some oversight that caught the issue. In one case, a manager of a store was crediting his personal credit card when processing credit card transactions at night. One time the amount he tried trigged a fraud warning from the credit card company, who called the business and that's how they learned a manager was stealing.

Unethical Pro Life Hack - keep you thefts small!

The consequences of getting caught is what keeps a lot of people honest. Sounds like this person in the article got away with it once and a few years later tried it again. He would have most likely continued to do it.

 

[now i see it]

I am surprised Apple didn't know about this sooner.

They did. But like the FBI, they let the perp get deeper and deeper and deeper into the crime as they watch, then swoop in for the kill when they’ve got binders and binders of evidence — to bury him.

“We’ve been watching you Mr Anderson for a very long time….”

 

[theorist9]

Starting in 2011, Prasad began accepting kickbacks, inflating invoices, and stealing parts, which resulted in Apple paying for items and services that it did not receive.

That was $15M for one case of Mac Pro wheel sets, and $2M for everything else.

 

[schlitzz]

That's the maximum, he is unlikely to get the maximum

He’s certainly going to be biting the pillow for a few months.

 

[Silverado]

I don’t understand half what he did. Either the writing is terrible or I’m just not fraud material.

 

[BWhaler]

Idiot.

Apple pays well and is a respectable employer. (If it was Amazon, and he had to pee in gatorade bottles or risk getting fired via text while Bezos flies in space, I’d understand.) So why do this?

Idiot.

 

[BWhaler]

I don’t understand half what he did. Either the writing is terrible or I’m just not fraud material.

It’s the writing.

 

[BWhaler]

Poor internal controls, if this could go on that long. Still 25 years in prison is maybe a bit rough. Not a capital crime in the end.

Here’s the problem with 25 years. It’s not that he doesn’t deserve it. He does.

The problem is we in American society only punish the little guy, the poor or middle class. Steal big, be already rich and powerful, or work on Wall Street, or be a large corporation, and you can steal as much as you can and you’ll walk with a slap on the wrist. Hell, we’ll even let you keep most of the money you stole.

(Only modern exception is Bernie Madoff, but his sin was he stole from rich people. America cannot allow that.)

 

[compwiz1202]

Yeah people always get caught eventually because they don't stop until they are caught.

Or they start bragging