A former Apple employee has admitted to taking bribes from Chinese manufacturers which cost the Cupertino company $2 million.
Paul Devine, who was Apple's global supply manager from 2005 to 2010, pleaded guilty to charges that he had accepted bribes in return for leaking information to Chinese component makers which helped them to negotiate favourable contracts.
Devine was collared in April 2010 when Apple found emails detailing the inside information and subsequent backhanders on a company laptop.
Devine, who was paid more than $100,000 per year by Apple, put his hands up to the fraud charges in a San Jose Federal court yesterday and is expected to be stripped of close to $2.3 million in cash and assets in order to pay back the world's richest tech company.
Devine tried to hide the payments, some of which were actually calculated on the number of sales which were obtained as a direct result of his nefarious activities, in offshore accounts.
He also faces up to 20 years in prison and will be sentenced on June 6th.