Paul Devine, the Apple manager arrested a few weeks ago for accepting kickbacks from Apple’s suppliers in Asia, appeared in court on Monday to find out the terms for his release from prison. During the bail hearing, prosecutors revealed that federal agents found more than $150,000 USD in cash at Devine’s home. The money is said to have been stashed away inside of shoe boxes in a closet.
Michelle Kane, an attorney with the Department of Justice, revealed that Devine was found to have at least $20,000 USD worth of foreign currency in his possession at the time of his arrest and is believed to have additional funds stashed in a number of overseas accounts.
Magistrate Judge Howard Lloyd of the U.S. District Court for the Northern District of California agreed that Devine poses too much of a flight risk to be released prior to the oversees funds being transferred into the US.
Under the terms for release, Devine must transfer the unknown amount of funds from the foreign accounts into the US and post it plus $600,000 in bail and allow investigators to inspect two safety deposit boxes that are in his name. Additionally, Devine and his wife must surrender their passports to the court.
According to Reuters, Devine’s mother has agreed to post the deed to her Maryland home as bond.
