Apple exec stashed $150,000 in shoe boxes; must allow authorities to inspect safety deposit boxes

Apple Online Store“Federal agents found more than US$150,000 in cash when they searched the house of Apple manager Paul Devine earlier this month, prosecutors said in court Monday,” Robert McMillan reports for IDG News Service. “‘He had over $150,000 stored in shoe boxes,’ Department of Justice Attorney Michelle Kane said, as she argued with a defense lawyer over the possible terms of Devine’s release.”

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“Devine was charged two weeks ago with taking kickbacks from Apple suppliers. Prosecutors say that Devine shared confidential information on Apple products such as the iPod and iPhone in exchange for cash kickbacks. He allegedly provided suppliers with projected sales figures, data on how much it cost Apple to produce the products, and pricing bids from supply chain competitors,” McMillan reports. “Devine pleaded not guilty to the charges last week. He is also facing a civil suit from Apple.”

McMillan reports, “It may take some time for Devine to meet all the conditions of his release… Devine must allow authorities to inspect two safety deposit boxes he holds… Devine and his wife must also surrender passports to the court, the judge said.”

Red more in the full article here.

31 Comments

  1. Why the hell do people even plead “not guilty.” You might have a better chance of surviving jumping out of plane without a parachute than having hundred of thousands of dollars at home, and your name mentioned by every company out there.

  2. Who wants to bet that this Apple guy’s “justice” will come a lot quicker then did Louisiana politician ‘Cold Cash Jefferson’ and his $70,000.00 wrapped in aluminum foil stashed away in his freezer at his home!

    Being a political crook sure has it’s advantages.

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