Financial Crime: California man admits buying hundreds of MacBooks stolen from Tesla, Stanford University and U.C. Berkeley

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A California man has pleaded guilty to buying millions of dollars worth of Apple laptops that had been stolen from major schools including Stanford University and the University of California, Berkeley as well as from Tesla Inc.

Philip James, 35, of Folsom, Calif., admitted he took nearly 1,000 pilfered laptops from employees at the schools and the electric car manufacturer, and resold them to out-of-state buyers, knowing full well that they had been stolen. 

Federal…