It seems that the lure of stealing trade secrets from a former employer has struck again, this time involving General Motors. Ex-GM employee Shanshan Du and her husband Yu Qin have reportedly been indicted by a federal grand jury for their part in an alleged conspiracy to steal hybrid vehicle information from The General.
It seems that Du waited until five days after she received a severance package from the automaker before copying thousands of documents back in January of 2005 related to hybrid technology. In May of the following year, Du and her husband are said to have shredded the documents and dumped them in a bin behind a nearby store after the grand jury began its inquiry.
Between those two dates, it is alleged that Du's husband entered into an agreement with Chinese automaker Chery to provide hybrid technology from his company, Millennium Technology International. According to General Motors, the stolen data is worth about $40 million.
This is not the first time we've seen such cases. Late last year, Former Ford engineer Xiang Dong Yu was arrested and indicted on suspicion of stealing trade secrets from his former employer.
[Source: Detroit Free Press, CNN]