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Posts with tag trade secrets

Ex-Intel employee busted for trying to take secrets to AMD

Another day, another disgruntled ex-employee trying to schelp stolen trade secrets. This time it's a former Intel engineer named Biswahoman Pani, who nabbed 13 files containing over 100 pages of internal Intel design documents drawings on his way to a new gig at AMD. The FBI got involved when another Intel employee noticed some funny business on system access logs, but so far Biswahoman has denied everything -- although his passport's been confiscated and he never got to take that AMD job. Crime don't pay, kids.

Former HP exec pleads guilty to stealing IBM trade secrets

Well, that didn't take long. Atul Malhotra, the HP executive charged with stealing printer market data when he left IBM and sending it to his new colleagues at HP with the genius-level subject line "For Your Eyes Only," has pled guilty to one count of theft of trade secrets. Malhotra probably made the right choice -- he specifically requested the information just before he left IBM and HP itself investigated and turned him in when he was found sending it around, so the case against him was pretty airtight. It's not clear what his plea deal is, but sentencing is scheduled for October 29, and he can get up to 10 years in the clink with a fine of up to a quarter-million dollars. Crime don't pay, kids.

Former HP VP charged with stealing IBM trade secrets

The printer market isn't exactly full of the most interesting news, but it's still big money, and big money tends to bring out the worst in people -- like former HP VP Atul Malhotra, who was just charged with stealing trade secrets from his former employer IBM and emailing them to other HP execs. Apparently Malhotra requested some confidential sales data two months before he went from the three-letter company to the two-letter one, and when he got there he hit up some other senior execs with the files -- marking the subject line "For Your Eyes Only." Yeah, that's an effective way to keep a lid on things. Malhotra was fired from HP in 2006, so all this went down some time ago, and HP says it actually conducted an internal investigation about the matter before firing Malhotra and reporting the theft to both IBM and the authorities. Sure, sure -- but we'll know what's up when the next HP AIO is running a Cell chip.

Posdata employee tried to sell WiBro secrets to US

While it may look easy (and astonishingly lucrative) to pull a case of high-stakes espionage, one South Korean and three US-based individuals are learning the hard way that crime doesn't pay. The Seoul Central Prosecutors Office is accusing an unnamed employee of Posdata Co., a developer of WiBro, "of sending email with proprietary information to three former employees who live in the US." Additionally, it was suggested that the trade secrets (which cost about $95 million to fully develop) were being offered up "for around $190 million" to an unnamed US company. All in all, four culprits were arrested in the ordeal, and while "some data" was transferred, the boys in blue caught on and stopped the gig before any major secrets were divulged. Should've tried the bag drop method, eh?



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