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

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.

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