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Apple Employee Busted For Selling Top Secret Info To Asian Suppliers

A mid-level Apple employee has been arrested for selling information to iPhone and iPod suppliers in Asia that enabled them to negotiate more favorable contracts with Apple (NSDQ: AAPL). The San Jose Mercury News reports that Paul Shin Devine, a global supply manager, and Andrew Ang of Singapore, were named in a 23-count federal grand jury indictment for wire fraud, money laundering and kickbacks.

The scheme led to Devine accepting more than $1 million in kickbacks from suppliers, which he shared with Ang through a series of back accounts. Devine is being held by the U.S. Marshals Service, according to the IRS, and Ang’s whereabouts are unknown.

Apple is suing Devine in a separate civil suit. An Apple spokesman Steve Dowling said in a statement to the Mercury News: “Apple is committed to the highest ethical standards in the way we do business. We have zero tolerance for dishonest behavior inside or outside the company.”