Apple manager charged in kickback scheme

[The Straight Story]

Apple manager charged in kickback scheme

An Apple Inc. manager has been charged in a $1 million kickback scheme involving six Asian suppliers of iPhone and iPod accessories.

Paul Shin Devine, a 37-year-old Apple global supply manager from Sunnyvale, was named in federal indictments and a civil suit brought by Apple (NASDAQ:AAPL) on Friday in San Jose.

The federal grand jury indictment charges Devince, who has been with Apple since 2005, with wire fraud, money laundering and other offenses.

The indictment also names Andrew Ang of Singapore, who works for Apple supplier Jin Li Mould Manufacturing Pte. Ltd.

Court filings on Friday said that Devine was paid by suppliers in Asia for inside information they could use to get negotiate favorable contracts with Apple.

http://sanjose.bizjournals.com/sanjose/stories/2010/08/09/daily102.html

[east texas lib]

1. Well, at least the attorneys will be able to find a little work out of the incident...

As Don Henley says, "the lawyers clean up all details."