Apple terminates 185 employees over fraudulent use of Matching Grants programme
Apple has reportedly terminated 185 employees at its Cupertino headquarters following an investigation into fraudulent activity involving its charitable Matching Grants programme, according to India Today.
ET Year-end Special Reads
Buying a home in 2025? Here's how property market can shape up
18 top stock picks for 2025 from 6 leading brokers
Five big bangs that shook the corporate world in 2024
The alleged scheme involved employees collaborating with non-profit organisations, including some linked to the Indian community, to falsify donations. These falsified contributions allowed individuals to increase their compensation by pocketing Apple’s matching funds.
As reported by NBC, the Los Angeles district attorney’s office found employees misusing Apple’s corporate social responsibility (CSR) programme. This initiative matches employees' donations to approved non-profits. In the alleged scheme, employees pretended to donate money to charities, which then returned the original amount to them. Meanwhile, the employees kept Apple’s matching contributions for themselves.
The alleged fraud centred around two non-profits: the American Chinese International Cultural Exchange (ACICE) and Hop4Kids.
While Apple has not released an official statement, the district attorney’s office confirmed that the investigation is ongoing.
Artificial Intelligence(AI)
Java Programming with ChatGPT: Learn using Generative AI
By — Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)
Basics of Generative AI: Unveiling
