The case against the Apple manager charged of kickbacks continues on its merry way, with an interesting twist or two as it goes. It’s come to light that when Federal agents searched Paul Devine’s house, they found $150,000 stashed in shoeboxes, and more than $20,000 in foreign currency. He also allegedly has a number of well-stocked overseas bank accounts. These were all cited at an hearing in order to show Devine as a flight risk, and as part of his $600,000 bail, he must transfer all those accounts into the US, surrender his passport, and show Federal agents the contents of safety deposit boxes.
What exactly did they think he did?
Prosecutors say that Devine shared confidential information on Apple products such as the iPod and iPhone in exchange for cash kickbacks. He allegedly provided suppliers with projected sales figures, data on how much it cost Apple to produce the products, and pricing bids from supply chain competitors.
I can see how having that much cash around would arouse suspicion, but as far as I’m aware, you’re allowed to store your money in a manner of your choosing. If you want to keep your life savings under your mattress, that’s your prerogitave.
[via Gizmodo]
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