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Ex-Apple top boss sentenced to 1 year in jail, fined $4.5 million

Devine was sentenced in California more than three years after pleading guilty to charges

Washington: A former Apple executive who made millions by selling information about the firm to its suppliers has been sentenced to a year in jail, the Reuters said.

Paul Shin Devine must also repay almost $4.5m of the money he made.

Manufacturers paid Devine to find out about Apple products and practices to help them negotiate better deals.

Devine was sentenced in California more than three years after pleading guilty to charges relating to wire fraud, money laundering and conspiracy.

Devine was Apple's global supply manager from 2005 to 2010 when he was arrested for running the scheme.

According to information published by the Department of Justice, Devine's kickback scheme began in 2007 after which he agreed to pass on product forecasts, pricing targets and product specifications to manufacturers in return for cash.

Some of the payments were tied to the size of the deal the supplier or manufacturer managed to sign with Apple.

( Source : agencies )
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