PYMNTS-MonitorEdge-May-2024

Apple Exec Sentenced To Three Years For Selling Corporate Secrets

Paul Shin Devine, a former Apple global supply manager, has been sentenced in a San Jose federal court. Devine was  convicted of wire fraud, conspiracy and money laundering in relation to selling Apple iPhone and component secrets nearly three years ago. Devine reportedly made millions in kickbacks from Apple manufacturers and suppliers, who used the secrets they were sold to negotiate more favorable deals.

When the case was tried in 2010, Apple spokesman Steve Dowling said, “Apple is committed to the highest ethical standards in the way we do business. We have zero tolerance for dishonest behavior inside or outside the company.”

Some things remain unclear even post sentencing.  Why the lag between conviction and sentencing was so long is primary among those questions, though 9to5 Mac speculates that it might have something to do with Devine’s cooperation in the prosecutions of those that had bribed him. This might also explain why Devine was sentenced to 3 years instead of 20 (which he had faced).

 

PYMNTS-MonitorEdge-May-2024