Ex-Apple employee sentenced to 3 years in prison for $17 million fraud.

A former Apple employee, Dhirendra Prasad, has been sentenced to three years in federal prison and ordered to pay nearly $33 million for defrauding the company out of more than $17 million with a scheme that double-billed for parts. Prasad, along with two co-conspirators, conspired to double-bill Apple for parts it already owned or had purchased. Prasad also engineered "sham invoices" that allowed one of his co-conspirators to take unjustified tax deductions valued at more than $1.8 million.