The U.S. Department of Justice sues a Hong Kong-resident businessman for stealing GE technology

Instant International

Written by: Liang Kaiyi

2021-02-27 10:29

The last update date: 2021-02-27 10:29

The US Department of Justice announced on February 26 the prosecution of a Chinese businessman living in Hong Kong.

The Department of Justice accused the 64-year-old Wu businessman of conspiracy to steal General Electric’s trade secrets on silicon carbide metal oxide semiconductor field-effect transistor (MOSFET) technology, valued at millions of dollars.

According to the indictment, the defendant was suspected of conspiring with at least one person to steal General Electric’s trade secrets, remanufacture and sell the technology, and seek investors to inject 30 million US dollars between March 2017 and January 2018.

They told investors that the company will pay back its capital in three years, with assets valued at US$100 million.

The picture shows the case released by the US Department of Justice.

(Website screenshot)

The defendant is currently not arrested.

If convicted, the maximum sentence is ten years in prison and a fine of $250,000.

Assistant Attorney General Demers (John Demers) pointed out that thieves who steal American intellectual property rights for the benefit of foreign companies deprive American companies of creative achievements and work opportunities for American workers. The Department of Justice will do everything possible to prevent this illegal and economic destruction. the behavior of.

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