Prasad worked for Apple between December 2008 and December 2018 in the company’s Global Service Supply Chain department.
He was responsible for buying parts and services for Apple from various vendors.
After Apple paid the fraudulent invoices, the pair split the proceeds.
Prasad also admitted to engaging in tax fraud by funneling illicit payments from Hansen to Prasad’s creditors.
His sentencing hearing is scheduled for March 14, 2023.
Prasad couldn’t immediately be reached for comment.
Apple didn’t immediately respond to a request for comment.
