Apple Inc. (NASDAQ: AAPL), Google Inc. (NASDAQ: GOOG) – Apple security chief indicted for allegedly bribing officials with iPads to obtain gun licenses



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Apple Inc (NASDAQ: AAPL) Security chief Thomas Moyer is accused of attempting to obtain a permit to carry concealed weapons through corruption, Reuters reported Monday.

What happened: Moyer, 50, was indicted on Monday by a grand jury for attempting to bribe the Santa Clara County Sheriff’s Office with a pledged 200 iPad donation to secure four concealed gun licenses for Apple employees, according to Reuters.

Two agents from the sheriff’s office were also allegedly accused of soliciting bribes to obtain the permits.

Ed Swanson, Moyer’s lawyer, said gun licenses were enforced to protect executives and employees after shootings at other businesses such as Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) YouTube headquarters in 2018.

“They went through the process like you’re supposed to,” Swanson said of the permits, according to Reuters. “There was no bribe, no quid pro quo.”

Why is this important: Carrying concealed weapons is illegal in California without a permit. County sheriffs have broad powers over issuing such permits, Reuters noted.

The company run by Tim Cook found no wrongdoing after conducting its own investigation, according to Swanson.

Last year, Cook called the inaction in the United States against gun control “madness” after deadly mass shootings in El Paso, Texas, and Dayton, Ohio, CNBC reported.

Price action: Apple shares closed nearly 3% lower at $ 113.85 on Monday and gained 0.66% in the after-hours session.

Editor’s Note: An earlier version of this story mistakenly attributed a quote from Ed Swanson to Thomas Moyer. We regret the error.

© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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