Ex-Apple employee sentenced to 3 years in prison and $33 million fine for $17 million fraud scheme.

A former Apple employee, Dhirendra Prasad, has been sentenced to three years in prison and ordered to pay over $30 million in financial penalties for his role in a fraud scheme that defrauded the company of over $17 million. Prasad, along with two others, double-billed Apple for parts, altered invoices, and charged the company for parts it never actually bought. He also admitted to evading taxes on his portion of the $17 million the group made from the fraud schemes. Prasad will forfeit about $5.5 million in assets and pay $17.4 million in restitution to Apple and $1.8 million to the IRS.