Tuesday, February 5, 2013

Business Espionage - Sentences Short - Fines Small

MO - A Chinese business owner and one of his employees have pleaded guilty in Missouri to conspiring to steal trade secrets from a U.S. company, in what one expert called a rare example of foreign business people being successfully prosecuted for corporate spying.

Ji Li Huang, 45, and Xiao Guang Qi, 32, admitted Friday, Jan 25 in federal court that they tried to buy Pittsburgh Corning Corp.’s proprietary formula for cellular glass insulation by bribing an employee of the company’s Sedalia plant.

U.S. District Judge Brian Wimes sentenced Huang to 18 months in federal prison and fined him $250,000. Qi — Huang’s employee at a plastic novelties manufacturer called Ningbo Oriental Crafts Ltd. — was sentenced to time served and fined $20,000, with the understanding that he would leave the United States immediately. Both men paid their fines Friday, The Kansas City Star reported. (more)