Prosecutors Want Proceeds from Devine Fraud Case

Prosecutors are hoping to convince the court that Paul Devine, the Apple manager charged with selling company secrets, must surrender the money and property he obtained as part of his under the table deals. Documents filed with the court detail about US$950,000 scattered across six different accounts, along with a Porsche Cayenne tagged for potential seizure, according to Bloomberg.

Mr. Devine will be required to give the court access to his various safe deposit boxes, and the prosecution is currently reviewing the content on computers they seized from him, too.

Prosecutors want Paul Shin Devine’s cash

Mr. Devine was charged with several counts of fraud for selling information to parts suppliers so they could negotiate better deals with Apple. He was accused of selling the information to companies in China, South Korea, Taiwan and Singapore.

The court released Mr. Devine on bail that included a US$440,000 lein against his mother’s house along with the equity in his own house. He also signed over $612,407 from foreign bank accounts, and $50,000 of his brother’s money. $313,000 from a Korean bank account is also earmarked for the court, although it’s unclear how long it will take to get the funds out of the country and into the U.S.

Mr. Devine has pleaded not guilty to the charges.