Skip to comments.Chinese man pleads guilty for U.S. trade secret theft
Posted on 10/20/2011 3:57:48 PM PDT by george76
A Chinese-born scientist pleaded guilty on Tuesday to stealing valuable trade secrets about pesticides and food products from two major U.S. companies and sending the information to China and Germany.
Kexue Huang, 46, worked at a Dow Chemical Co subsidiary from 2003 to 2008 in Indiana where he led a team of scientists developing organic insecticides and then later for another agribusiness giant, privately held Cargill Inc.
He pleaded guilty in a federal court in Indiana to one count of stealing trade secrets from Cargill and one count of engaging in economic espionage at Dow, only the eighth case charged involving the U.S. Economic Espionage Act of 1996.
The plea is the latest in a series of cases involving the theft of valuable trade secrets from U.S. corporations that have been either taken or sent to China, where companies are in hot competition with U.S. firms.
Such thefts -- an increasing issue for U.S. companies -- often help foreign companies short-cut spending millions of dollars and potentially years of research and development.
(Excerpt) Read more at reuters.com ...
An excellent book that goes into the depth of Chinese espionage against the US is “Enemies,” by Bill Gertz.
“About pesticides and food products?” Gimme a break. And what did so many anti-American, globalist companies expect from their disloyal activities?
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