Under CEO Tim Cook's watchful eye, Apple has become famous for its tightly managed supply chain. Yet even the most finely tuned machines run into problems from time to time. The case of Dhirendra Prasad appears to be one of those times.
[...]
The alleged scam worked something like this: Prasad would receive a list of parts and services that Apple needed. He would then request quotes from vendors, negotiate with them, and choose which ones would get the business. From this position of power, Prasad could put his thumb on the scale, and he apparently gave Hansen's and Baker's companies a leg up in exchange for something on the side.
[...]
Prasad's alleged scheme appears to have ramped up as it went on. In 2017, Prasad reported that his income was $1,215,000, the government alleges. "In fact, as defendant knew and believed, defendant had taxable income for 2017 that was greater than the amount reported on the tax return."US attorneys believe that Prasad attempted to launder that money by purchasing five properties, most of them in California's Central Valley, and stashing funds in various investment accounts, 529 college savings plans, and a retirement annuity. The seized assets are worth about $5 million, the government estimates.
(Score: 1, Redundant) by Runaway1956 on Thursday March 24 2022, @09:22PM (1 child)
The government doesn't like competition.
“I have become friends with many school shooters” - Tampon Tim Walz
(Score: 1, Insightful) by Anonymous Coward on Friday March 25 2022, @03:33PM
They don't care if you steal as long as you pay taxes on the value of what you stole
(Score: 5, Interesting) by Snotnose on Thursday March 24 2022, @09:36PM (2 children)
He probably would have got away with it.
I remember 15-20 years ago people who had evaded guv'ment notice for decades were suddenly getting rounded up. We had a mother/housewife from Carmel Valley, 2 miles from where I lived at the time, got sent to prison in the 70s, climbed a fence or something, and was suddenly found 40 years later. After getting married, buying a house, raising kids, and not committing any crimes since. At the time there was a flurry of stories like this. You bet your bippies they sent her back to prison, can't let an escape go unpunished. Never mind the original sentence was too harsh and she'd been a model citizen since.
I'm gonna guess after 9/11 the feds started combining databases to weed out the "James Bond IV: How to make a new identity". Really focusing on the folks who died in the 50s but were still paying taxes.
Anywhoo, I'm guessing it's 10-15 years away from when the feds will be able to catch this dude. Had he stopped at his 2017 level of graft he'd probably have died before being discovered.
Of course I'm against DEI. Donald, Eric, and Ivanka.
(Score: 3, Touché) by krishnoid on Thursday March 24 2022, @09:46PM
I'm thinking buying traceable property [youtu.be] worth $5E6 on a $1E6 yearly income was probably the tipoff.
(Score: 0) by Anonymous Coward on Saturday March 26 2022, @02:50AM
That's a fair bit of income there.
(Score: 1, Touché) by Anonymous Coward on Thursday March 24 2022, @09:56PM
For $10 million, you could probably get a half dozen real Americans to work for you for a decade.
(Score: 2) by Nuke on Friday March 25 2022, @09:23AM
Sounds like one of their H1Bs got up and bit their arse. Any confirmation of this?