Thursday, March 3, 2011

Former Apple boss prosecuted for industrial espionage

In a move which has sent shockwaves around the mobile phone and computer technology world, it’s been reported that a former Apple boss was prosecuted for industrial espionage.

Paul Devine was global supply manager for Apple, but he sold the company’s secrets to Asian suppliers. This apparently gave the Asian businesses greater negotiating clout with Apple, and which adversely affected Apple’s costs.

A reporter told knowyourmobile.com: “Mr Devine admitted that the loss to Apple from his actions was more than £1.2m.”

Mr. Devine was arrested last August after incriminating emails were found on his computer. The emails appeared to show that he would be willing to provide information in return for being paid.

Paul Devine admitted charges of wire fraud, money laundering and conspiracy and will be formally sentenced shortly.

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