A federal grand jury in St. Louis has indicted former Monsanto researcher Haitao Xiang for stealing crop productivity algorithms with the intention of handing them over to a Chinese government research institute. After Xiang quit his job in June 2017, he downloaded the algorithms to a micro-SD card, according to the indictment. He then purchased a one-way ticket to China; federal officials stopped him at the airport and seized the card. If convicted, Xiang faces up to 15 years in prison and a $5 million fine on each of several espionage charges, and up to 10 years for each of several trade secret theft charges.Important caveat: ham sandwich. I wonder how they caught him, and how they knew this was happening? It will be interesting to see what happens to Mr. Xiang.
Wednesday, December 4, 2019
If you're going to steal secrets, don't get caught redhanded
From this week's Chemical and Engineering News, the latest in the IP theft world (by Marc S. Reisch):