A former Tesla employee has been indicted on charges of embezzlement leading to the theft of millions during his time at the automaker. Featured stories Samsung foldable phone: Infinity Flex display specs revealed What your company can learn about data centers from the tech giants Windows 10 activation bug baffles, angers users Yes, it’s possible to upgrade a 2018 Mac mini’s RAM. No, it’s not easy On Thursday, the US Department of Justice (DoJ) said that Salil Parulekar, an employee once involved in overseeing supplier relationships for the automaker, allegedly managed to steal $9.3 million in a fraudulent scheme. In a statement, prosecutors claim that the 32-year-old, formerly of San Jose, California, orchestrated the scheme in which he diverted funds away from one Tesla supplier in order to pay another, siphoning off a substantial profit in the process. CNET: Tesla’s Track Mode: What does it do, exactly? In January 2017, Parulekar learned that the automaker had cut ties with one of its motor pump suppliers, Schwabische Huttenwerke Automotive GmbH (SHW). As part of the process, Tesla withheld future payments, and Parulekar allegedly used this temporary situation for his own ends. The former employee reportedly falsified invoices and created fake accounts payable documents. By impersonating an employee of another supplier, Hota Industrial Manufacturing (Hota), Parulekar was allegedly able to redirect payments intended for Hota in order to pay SHW instead. Through the switch of these accounts and banking information, the employee was able to embezzle millions, prosecutors claim. See also: US… [Read full story]
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