Thursday, April 17, 2008

Corporate Espionage - Contractor Pleads Guilty

A U.S. Department of Defense (DOD) contractor from Baltimore pleaded guilty today to conspiring to steal competitive information concerning contracts to supply fuel to DOD aircraft at locations worldwide, the Department of Justice announced.

Matthew W. Bittenbender has entered into a plea agreement, filed in U.S. District Court in Baltimore, where he was originally charged on January 7, 2008. According to the terms of the plea agreement, which is subject to court approval, Bittenbender has agreed to cooperate in the government's investigation...

...Bittenbender conspired to steal trade secrets from his employer Avcard, a division of Kropp Holdings LLC, and sell that information to his competitors, FERAS, and Aerocontrol. In return, Bittenbender received cash and a percentage of the profit earned on the resulting fuel supply contracts. According to the plea agreement, Cartwright, Wilkinson, FERAS and Aerocontrol, in turn, used that information to underbid Avcard at every location where the companies were bidding against each other. Avcard ultimately lost each of the contested bids. (more)