An American citizen will spend the next four or so years behind bars in the US for smuggling corporate secrets out of the states to his spymasters in China.
A federal district judge this week sentenced Xuehua Edward Peng, 56, of Hayward, California, after he admitted handing over the trade secrets to Beijing. Peng earlier confessed that SD cards loaded with information stolen from an unspecified US company were left for him to collect at hotels by a contact only known as Ed.
Peng would also hide tens of thousands of dollars in hotel rooms for Ed to collect as payment. Lawyers said Peng spent years trafficking confidential info. more
Flashback to 2009 when we made a point about this vulnerability...