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Apple Manager Stashed $150,000 in Shoeboxes

By - Source: Tom's Hardware US | B 48 comments

Authorities this week discovered that the Apple middle manager accused of accepting over $1 million in kickbacks had $150,000 stored in shoeboxes in his house.

Earlier this month, Paul Devine was arrested for accepting kickbacks from Asian accessories manufacturers working with Apple. Devine is said to have used his position at Apple to obtain inside information about upcoming product launches and then sold this information to accessory makers so they could make better contracts with Apple. Mr. Devine's payments were deposited into a number of different accounts, both in the U.S. and abroad.

Authorities this week searched Devine's home and found $150,000 in shoeboxes. Devine was also said to have $20,000 in foreign currency in his possession and prosecutors believe he could have numerous other stashes of cash that they don't know about. Prosecutors also acknowledged the existence of two safety deposit boxes thought to contain yet more proceeds of Devine's jiggery pokery.

Bloomberg cites Judge Howard Lloyd of San Jose, California, in reporting that Devine won’t be released until he posts a bond of $600,000 and signs over funds in his foreign accounts to his lawyers. The government is also said to be demanding to know what's inside the safety deposit boxes before Devine is released.

"We know about some accounts and some statements but not statements for all the accounts we believe are out there," Bloomberg cites Assistant U.S. Attorney Michelle Kane as telling the judge earlier this week. "We’d ask that we be allowed to see what’s in those safe deposit boxes."

Read the full story on Bloomberg.

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  • 28 Hide
    tektek2000 , August 26, 2010 7:55 PM
    I like the picture of the apple..
  • 25 Hide
    thearm , August 26, 2010 7:57 PM
    Apple sucks! And I like the apple pic as well.
  • 23 Hide
    fritter87 , August 26, 2010 7:59 PM
    apple sucks
Other Comments
  • 28 Hide
    tektek2000 , August 26, 2010 7:55 PM
    I like the picture of the apple..
  • 6 Hide
    Vixe , August 26, 2010 7:55 PM
    Prepare for a swarm of "Apple sucks" posts.
  • 25 Hide
    thearm , August 26, 2010 7:57 PM
    Apple sucks! And I like the apple pic as well.
  • 23 Hide
    fritter87 , August 26, 2010 7:59 PM
    apple sucks
  • 21 Hide
    Anonymous , August 26, 2010 8:02 PM
    That's one bad apple....
  • 3 Hide
    Ev1lryu , August 26, 2010 8:05 PM
    so this amounts to what? Less than 0.1% of the Apple Juice :|
  • 17 Hide
    TeKEffect , August 26, 2010 8:07 PM
    With all that money he could have bought a safe. Shoe box for all that money...
  • -1 Hide
    bison88 , August 26, 2010 8:07 PM
    Sucks for him. Ain't a crime until you get caught.
  • -8 Hide
    chess , August 26, 2010 8:15 PM
    go cry to your mom apple fanboys!
  • 5 Hide
    Be0wulf22 , August 26, 2010 8:17 PM
    chessgo cry to your mom apple fanboys!


    Right...because people in the PC market would never do something like this.
  • 22 Hide
    TunaSoda , August 26, 2010 8:29 PM
    Be0wulf22Right...because people in the PC market would never do something like this.

    Last time I checked the mac was also a PC? (personal computer)
  • 3 Hide
    f-14 , August 26, 2010 8:31 PM
    i want to know how much money the US district attorneys and judges got from apple/stevejobs to tear thru red tape and due process to nail this guy to the floor and in such a hurry as they are. it's almost as if these are classified secret national defense plans. even wikileaks is not being hunted down by the FBI and Justice Department this much.
  • 20 Hide
    eyemaster , August 26, 2010 8:44 PM
    VixePrepare for a swarm of "Apple sucks" posts.

    Apple sucks.
  • 5 Hide
    BulkZerker , August 26, 2010 8:47 PM
    Apple pie
  • 1 Hide
    kelemvor4 , August 26, 2010 9:21 PM
    Be0wulf22Right...because people in the PC market would never do something like this.

    Nope.
  • -1 Hide
    grieve , August 26, 2010 9:37 PM
    Ev1LrYuso this amounts to what? Less than 0.1% of the Apple Juice :|

    your math seems a little short...
    Apple Inc. as of March 25, 2010 is worth more than $207.99 billion

    more like .00005%
  • 2 Hide
    kerbe360 , August 26, 2010 9:42 PM
    Greed... its whats for dinner. I only wonder who gets all this stashed money? He didnt steal from Apple just saw an opportunity to make even more money.
  • 4 Hide
    ares1214 , August 26, 2010 10:09 PM
    Just following the Apple handbook...
  • 2 Hide
    adikos , August 26, 2010 10:46 PM
    im sure lots of other people are guilty of the same crime.

    meh.
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