In August, former Apple employee Paul Shim Devine was arrested and charged with wire fraud and money laundering, among other things, after law enforcement discovered he had received more than $1 million in kickbacks from suppliers in Asia in exchange for information that helped those suppliers secure contracts with the Cupertino, Calif.-based computer maker. At the time, he pleaded not guilty.
This week, however, Devine and federal prosecutors reached a plea agreement. Computerworld reports Devine pleaded guilty to one count each of wire fraud, conspiracy, money laundering and engaging in transactions with criminally derived proceeds rather than the 23 different counts with which he was originally charged. He also admitted the total loss to Apple as a result of his scheme totaled more than $2.4 million. The court has ordered him to forfeit $2.3 million in money and property to the government.
Devine could face up to 70 years in prison and millions of dollars in fines. Sentencing is scheduled for June 6. The parallel civil suit filed against Devine by Apple is pending until the resolution of the criminal charges.