An alleged donation theft scheme involving six former Apple employees, tax fraud, and an inside man funneling money away from charities robbed Apple of about $152k over three years.
Like many big companies, Apple matches donations made by employees to various organizations. Somehow, a group of employees (now former) allegedly figured out a loophole that would let them keep their money, take the matched donation, and make a claim on their taxes.
According to a report from CBS based on a release from The County of Santa Clara, the six people defrauded the State of California and Apple’s Matching Gifts Program. The report states that ringleader Siu Kei Kwan directed five employees to make donations to two organizations he had access to.
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Source: AppleInsider News
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