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Monday, August 16, 2010

Apple staff allegedly sold secrets worth $1m

Asian companies negotiating contracts with Apple allegedly paid more than $1m in kickbacks to an Apple manager in exchange for confidential information about what Cupertino would be buying.

That's according to a suit filed by Apple against Paul Shin Devine, until now a global supply manager at Apple. The suit follows his indictment for wire fraud and money laundering, among other things, as reported by the San Jose Mercury News. Devine was allegedly paid the money in exchange for information about the iPhone and iPod, which gave the companies the upper hand in negotiations with Apple.

The Wall Street Journal names three of the companies involved as Kaedar Electronics Co, Cresyn Co and Jin Li Mould Manufacturing Pte, of China, South Korea and Singapore respectively. Bloomberg got a statement out of Cresyn Co explaining that the company had paid an Apple employee for consultancy services, but that this was "limited to the trends in the US market" and that the firm "neither requested nor received any information regarding technologies".

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