Former Apple manager to serve up to 20 years in jail for revealing company secrets
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A former Apple manager, Paul Devine, pleaded guilty to accusations of wire fraud and money laundering. His sentence will be read on June 6 and he could face up to 20 years in prison.
By pleading guilty, Paul Devine admitted that he has revealed confidential information belonging to Apple like product forecasts, roadmaps, product specifications and pricing targets to suppliers and manufacturers working with the Cupertino-based company, thus giving them an edge in the negotiations.
In return, these manufacturers and suppliers gave him money for the inside information. It was proved by the court, and Paul Devine subsequently admitted the accusation, that he has caused Apple a loss of $2,409,000.
He has contested to give up money and property worth approximately $2.28 million as part of the plea bargain. When he was arrested, feds found about $150 000 in shoeboxes and more money in foreign accounts and safe deposit boxes.
source: Cult of Mac via Gizmodo
By pleading guilty, Paul Devine admitted that he has revealed confidential information belonging to Apple like product forecasts, roadmaps, product specifications and pricing targets to suppliers and manufacturers working with the Cupertino-based company, thus giving them an edge in the negotiations.
In return, these manufacturers and suppliers gave him money for the inside information. It was proved by the court, and Paul Devine subsequently admitted the accusation, that he has caused Apple a loss of $2,409,000.
He has contested to give up money and property worth approximately $2.28 million as part of the plea bargain. When he was arrested, feds found about $150 000 in shoeboxes and more money in foreign accounts and safe deposit boxes.
source: Cult of Mac via Gizmodo
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5 Comments
2. sniperace posted on 01 Mar 2011, 09:25 3 1
He could pay me 2 million and I'd gladdly go to jail in his place!
3. ps1001 posted on 01 Mar 2011, 09:49 2 2
stevie boy jobs will probably order his death there in jail, so i aint seeing this dude makin another year...
4. messiah posted on 02 Mar 2011, 00:56 0 0
And where does phone arena get its sneak peak vids, pictures Zechs specs on iPhone 5, ipads2 and the likes...... Mhm....
We are all suspect.
5. messiah posted on 02 Mar 2011, 00:58 0 0
My shoebox has $150g's and a Snickers bar. Was saving it up to afford the ipad2
