Job Cut : Apple has reportedly laid off 185 people at its headquarters in Cupertino, California. According to the inquiry, these employees engaged in fraudulent actions involving the company’s charity matching grants program. Many Indian employees have also been targeted for disciplinary action. According to media sources, the staff allegedly committed the fraud in coordination with non-profit organisations.
Job Cut : one company let go of 185 workers.
The goal of this deception was to boost the employees’ compensation by inflating their contributions. However, Apple has not released an official remark on the subject. This fraud involves two non-profit organisations: American Chinese International Cultural Exchange (ACICE) and Hop4Kids. Kwan, the CEO of Hop4Kids and ACICE’s accountant, is the major accused.
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How did the staff commit the fraud?
According to NBC, which cited evidence from the Los Angeles District Attorney’s Office, many staff members were fired for using Apple’s charities matching grants program. This program is a Corporate Social Responsibility (CSR) initiative intended to promote employee donations. According to the study, the employees participating in the scam abused this program, which resulted in their termination.
According to the charges, some staff, in partnership with non-profit organisations, boosted the gift amount incorrectly. In this initiative, employees pretended to donate, but in actuality they received this donation back from the organisations, and the employees retained the matching amount provided by Apple for themselves. In addition, the accused faces tax evasion charges.
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