Apple manager indicted on kickback charges
CUPERTINO, Calif. (AP) — A manager at Apple Inc. has been indicted by a federal grand jury in an alleged kickback scheme involving suppliers of iPhone and iPod accessories.
Authorities say Paul Shin Devine of Sunnyvale was arrested Friday on charges of wire fraud, money laundering and kickbacks. The indictment had been filed under seal Wednesday.
Devine, 37, is accused of accepting more than $1 million in exchange for providing confidential information to Apple suppliers in Asia. The suppliers allegedly used the information to negotiate favorable contracts with Apple, which is based in Cupertino.
"Apple is committed to the highest ethical standards in the way we do business," company spokesman Steve Dowling said in a statement. "We have zero tolerance for dishonest behavior inside or outside the company."
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