Ex-Apple exec sentenced to jail and find $4.5m for selling supply chain secrets
Apple’s formed global supply manager, Paul Devine, has been sentenced to a year in prison and fined $4.5 million for conspiring to sell Apple secrets.
Devine was originally caught in 2010 and later pleaded guilty in 2011. He has just been sentenced for selling details of new Apple products to the Cupertino-based company’s Asian manufacturing rivals.
Devine will also submit to three years of supervised probation following his yearlong prison stint which will commence next February. The ex-executive has also had to forfeit assets worth more than $3 million.
Along with Singaporean accomplice Andrew Ang, Devine was charged with 23 counts, including money laundering and wire fraud. Those who received tips from Devine sent funds through multiple bank accounts, and used the information gained to strong arm Apple during manufacturing and supply chain negotiations.