Tuesday, March 15, 2011

Former Apple manager, Paul Devine, admitted giving accessory makers confidential information in exchange for bribe

One of the major tech companies was in news headlines a few months ago when the manager Paul leaked confidential information about upcoming Apple products in exchange for large kickbacks to the interested parts suppliers. Suppliers used this information to secure their contracts with Apple. Today, March 1 2011, Paul has admitted his guilt. Mr Devine also admitted that the loss to the company from his actions was more than $2m. It also came into light that Devine's disobedience reportedly stretched back to 2006. To be out of sight, he had setup a number of bank accounts, some of which are in his wife’s name, in effort to secure the black money.

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