A major recycling partner of Apple Inc. (NASDAQ:AAPL) has been accused of stealing and reselling nearly 100,000 Apple devices, including iPhones, iPads, and Watches. This was a part of Apple's eco-friendly mission.
What Happened: The recycling partner, GEEP Canada Inc., was sued by Apple in 2020 for $22.6 million for breach of contract, reported Bloomberg on Thursday. The lawsuit alleges that GEEP employees stole and diverted Apple products to third parties who fixed and resold them in the grey market.
Apple shipped GEEP more than 530,000 iPhones, 25,000 iPads, and 19,000 Watches in the first two years of working with the company.
The lawsuit brought to light a series of alarming issues, including missing tons of gadgets, data discrepancies in GEEP's paperwork, and the discovery of two bins of intact Watches, which is contractually forbidden.