Get SF Weekly Newsletters

Tuesday, August 24, 2010

Paul Devine, Apple Exec Accused of Massive Kickback Scheme, Kept $150K in Shoe Boxes

Posted By on Tue, Aug 24, 2010 at 7:20 AM

click to enlarge rsz_1rottenapple2.jpg

Ever have problems figuring out what to do with those old shoe boxes? Paul Shin Devine apparently doesn't.

Prosecutors claim feds found roughly $150K squirreled away in the home of the former Apple global supply manager, as well as more than $20,000 in foreign currency. The massive amount of cash on hand, plus the foreign currency -- and numerous foreign accounts -- make Devine a viable flight risk, and certainly don''t do his defense attorney any favors.

The 37-year-old Sunnyvale resident is accused by federal prosecutors of orchestrating a massive kickback scheme in which he traded confidential Apple information in exchange for hefty paybacks.

A civil suit filed by Apple claims Devine "demanded and

received over a million dollars in illicit payments, kickbacks, bribes,

and other things of value from companies supplying mechanical parts for

Apple's products."

You can read the federal indictment against Shin and alleged accomplice Andrew Ang here. And you can read the civil suit against him -- which names the Asian companies Shin purportedly conspired with -- here.

Howard Lloyd, the district court judge in the federal case against Shin, said the former Apple employee must transfer his numerous foreign accounts to U.S. banks, and post another $600,000 before he can be released on bail.

It remains to be seen whether logistical barriers will allow this to occur at all, let alone soon.

Follow us on Twitter at @TheSnitchSF

and @SFWeekly


  • Pin It

Tags: , , , ,

About The Author

Joe Eskenazi

Joe Eskenazi

Bio:
Joe Eskenazi was born in San Francisco, raised in the Bay Area, and attended U.C. Berkeley. He never left. "Your humble narrator" was a staff writer and columnist for SF Weekly from 2007 to 2015. He resides in the Excelsior with his wife, 4.3 miles from his birthplace and 5,474 from hers.

Comments

Subscribe to this thread:

Add a comment

Popular Stories

  1. Most Popular Stories
  2. Stories You Missed

Like us on Facebook

Slideshows

  • clipping at Brava Theater Sept. 11
    Sub Pop recording artists 'clipping.' brought their brand of noise-driven experimental hip hop to the closing night of 2016's San Francisco Electronic Music Fest this past Sunday. The packed Brava Theater hosted an initially seated crowd that ended the night jumping and dancing against the front of the stage. The trio performed a set focused on their recently released Sci-Fi Horror concept album, 'Splendor & Misery', then delved into their dancier and more aggressive back catalogue, and recent single 'Wriggle'. Opening performances included local experimental electronic duo 'Tujurikkuja' and computer music artist 'Madalyn Merkey.'"