Apple manager Devine seeks to post bail, win release

Parallels Desktop 6 for Mac “Paul Devine, the Apple Inc. manager accused of taking kickbacks in exchange for company secrets, proposed posting a bond of $612,407 from his foreign bank accounts to win release from jail, according to court documents,” Joel Rosenblatt reports for Bloomberg. “Devine pledged the equity in his home near San Francisco and his mother’s Maryland home as collateral for the bond and has met most conditions for release set by U.S. Magistrate Judge Howard Lloyd in San Jose, California, Devine’s lawyer, Raphael Goldman, said in a letter to the judge today. Lloyd is scheduled to consider the bail request at a hearing tomorrow.”

Advertisement: Parallels Desktop 6 with Enhanced 3D Graphics for Games and Parallels Mobile app for the iPad, iPhone and iPod touch! Buy now!

“Devine, 37, a global-supply manager, was accused of money laundering and wire fraud in a 23-count indictment unsealed Aug. 13. He has pleaded not guilty to charges that he took at least $1 million in kickbacks from Asian suppliers,” Rosenblatt reports. “Devine gave the suppliers of iPhone and iPod accessories confidential data that helped them win better contracts from Cupertino, California-based Apple in exchange for payments, according to the indictment. Each count of wire fraud, wire fraud conspiracy, and money laundering carries a 20-year prison sentence, prosecutors said.”

Rosenblatt reports, “Apple hasn’t provided information on Devine’s employment status since his arrest.”

Read more in the full article, which includes info about hundreds of thousands of dollars currently stuck in Korea, here.

[Thanks to MacDailyNews Reader “Lynn W.” for the heads up.]

4 Comments

  1. Well I hope he’s got some money stashed in his new, non-extradition third world country after he gets done bribing the San Jose County for his release.

    What do you think bail is?

    It’s a way for the government to get rid of you and make a bundle of cash in the process. All that’s needed is a couple of people or just one police officer wiling to lie and they can charge you with anything.

    Only the poor or dangerous go to jail.

    Bizarre? You know it.

Reader Feedback

This site uses Akismet to reduce spam. Learn how your comment data is processed.