Publication Date:
Sun, 2010-08-15 02:13
Authorities say 37-year-old Paul Shin Devine was arrested on Friday on charges of wire fraud, money laundering and kickbacks.
The Sunnyvale resident is accused of accepting more than $1 million in exchange for providing confidential information to Apple suppliers in Asia. The suppliers allegedly used the information to negotiate favorable contracts with Apple.
Authorities say one of those suppliers is Singapore resident Andrew Ang. Ang also is named in the federal indictment.
Authorities have declined to comment on Ang's whereabouts.
Devine is being held by the US Marshals Service, though authorities did not make clear where.
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