Connect with us

Hi, what are you looking for?

Crime

American chemist stole trade secrets in order to start a company in China

A59-year-old chemist has been convicted in connection with stealing trade secrets, according to the Justice Department, which noted that the woman is an American citizen.

“Following a twelve-day trial, Dr. Xiaorong You, aka Shannon You, 59, of Lansing, Michigan, was convicted of conspiracy to commit trade secret theft, conspiracy to commit economic espionage, possession of stolen trade secrets, economic espionage, and wire fraud,” a press release states.

Based on court documents and evidence put forward during the trial, the woman stole the trade secrets, which cost almost $120 million to create, to start a business in China.

“According to court documents and evidence presented at trial, You stole valuable trade secrets related to formulations for bisphenol-A-free (BPA-free) coatings for the inside of beverage cans. You was granted access to the trade secrets while working at The Coca-Cola Company in Atlanta, Georgia, and Eastman Chemical Company in Kingsport, Tennessee. The stolen trade secrets belonged to major chemical and coating companies including Akzo-Nobel, BASF, Dow Chemical, PPG, Toyochem, Sherwin Williams, and Eastman Chemical Company, and cost nearly $120,000,000 to develop.

“According to court documents and evidence presented at trial, You stole the trade secrets to set up a new BPA-free coating company in China. You and her Chinese corporate partner, Weihai Jinhong Group, received millions of dollars in Chinese government grants to support the new company (including a Thousand Talents Plan award). Documents related to You’s Thousand Talents Program application were admitted at trial; those documents, and other evidence presented at trial, showed the defendant’s intent to benefit not only Weihai Jinhong Group, but also the governments of China, the Chinese province of Shandong, and the Chinese city of Weihai, as well as her intent to benefit the Chinese Communist Party,” the DOJ noted.

Loading

Advertisement
Comments

You May Also Like

President Trump

In a stunning move, New York Attorney General Letitia James has announced a lawsuit against President Trump over his latest executive order aimed at...

Elon Musk

In what critics are calling a politically motivated assault on free speech, the European Union is preparing to fine Elon Musk and 𝕏 more...

President Trump

President Trump’s bold tariff strategy is already yielding results for American manufacturing. In a major win for U.S. workers, General Motors has announced it...

President Trump

Chair of the Council of Economic Advisers, Steve Miran, has assured the American public that President Trump’s newly imposed tariffs will not lead to...

Crime

A heartbreaking tragedy has shaken the Frisco, Texas, community after 17-year-old Austin Metcalf was fatally stabbed in the heart during a confrontation at a...

President Trump

Just 24 hours after President Trump unveiled his latest round of tariffs, the global economic and political landscape has shifted dramatically. The sweeping measures,...

Crime

A furious Tesla owner has launched a lawsuit against a man accused of keying his Model X electric car. The owner, who is identified only by his...

ICE

A Texas man was arrested for “making terroristic threats” against Immigration and Customs Enforcement (ICE) agents and Department of Homeland Security (DHS) Secretary Kristi Noem, the...

Advertisement
Back