Apple Manager Busted for Kickbacks

This sounds a whole lot more serious than the guy who left an iPhone in a bar: Paul Shin Devine, a manager of global supply at Apple Inc., has been charged by a federal grand jury with receiving more than $1 million in kickbacks from six Apple suppliers in Asia. According to the indictment and a separate civil suit filed against Devine by Apple, he allegedly supplied companies like Creslyn Co., Kaedar Electronics Co., and Jin Li Mould Manufacturing Pte. Ltd. with confidential information so that they could negotiate better terms with Apple. Devine allegedly created several email accounts to communicate with the companies and opened 14 bank accounts. Charges against him include wire fraud and money laundering.