SEC hits failed Apple sapphire glass manufacturer with fraud charges

Way back in 2013, Applespent a whopping $578 million on sapphire glass. The sum, spread out over four installments, was an advance to GT Advanced Technologies. Already in use on the company’s home buttons and camera, the plan was to implement the extremely hard material on a larger scale, replacing Gorilla Glass in the process.
The following year, however, GT exited the business. The company shut down its plants, sold off its furnaces and announced plans to settle its debt. Today, the U.S.