Monday, June 29, 2009

Technical director of new product development... charged with 5 counts of spying

A federal grand jury indicted former Arlington Heights resident David Yen Lee on charges he stole trade secrets to divulge to a competitor.

The indictment, which U.S. attorney Patrick Fitzgerald announced Friday, charges Lee with five counts of economic espionage.

According to the indictment, the 52-year-old Lee worked as technical director of new product development for the Wheeling branch of Valspar Corp., a Minneapolis-based paint company, from 2006 to March 2009.

According to the indictment, Lee downloaded documents and data from Valspar and its China subsidiary, Huarun Ltd., to an external thumb drive... (more)