Wednesday, June 12, 2013

Business Espionage - FBI Stops "Millions" from Flying Out of the U.S.

NJ - FBI agents arrested an engineer on Wednesday as he was preparing to return to India with trade secrets he allegedly stole from Becton, Dickinson and Co., the Franklin Lakes-based global medical technology company, authorities said.

B-D Patent from the late 1990's
Ketankumar "Ketan" Maniar, 36, an Indian national who lived in Mahwah until last week, had amassed a veritable tool kit for the manufacture of a new pen-like device for injecting drugs that was being developed by Becton Dickinson, authorities said...
 The stolen information was valued in the millions of dollars and could be used by Maniar to set up a new business or sold to a competitor...

If convicted, Maniar could face up to 10 years in prison and a $250,000 fine. (more)