5 Articles
1 / 1

Xiang Dong Yu, the former Ford engineer who was convicted of stealing trade secrets, has officially been sentenced to six years in prison. According to Reuters, the Beijing native was also ordered to pay a fine of $12,500 and will be deported after he serves his prison term. The 49-year-old Yu was arrested in 2009 on charges that he stole documents worth millions of dollars from his former employer during the 10 years that he worked for Ford.

It looks as if Renault and the French government may have been at the raw end of a hoax surrounding claims of corporate espionage. As you may recall, three of the automaker's executives were recently escorted off of the company's headquarters. While none of the individuals were charged with any crime, reports emerged that they were suspected of stealing secrets tied to the French car company's electric vehicle program and selling them to parties overseas. Reports even pointed toward Chinese auto

It looks as if Renault and the French government may have been at the raw end of a hoax surrounding claims of corporate espionage. As you may recall, three of the automaker's executives were recently escorted off of the company's headquarters. While none of the individuals were charged with any crime, reports emerged that they were suspected of stealing secrets tied to the French car company's electric vehicle program and selling them to parties overseas. Reports even pointed toward Chinese auto

The suspensions of three top Renault execs over corporate espionage this week were just the first public hint that something could be seriously wrong inside the French automaker's electric vehicle program. The details are not yet known, but the case has been called the biggest industrial espionage investigation in Renault's history. French industry manager Eric Besson issued a statement saying France is facing an "economic war" over the electric car technology leaks, according to the Guardian. B

According to the Department of Justice, 49 year-old Mike Yu has pleaded guilty to two counts of theft of trade secrets. Yu worked as a product engineer for Ford for 10 years before accepting a job with another company, but when he left the Blue Oval, he took more than his family photos with him when he walked out the door. The engineer copied over 4,000 Ford documents onto an external hard drive before letting the company know of his new employer. Those documents included proprietary information

1 / 1
Share This Post

Corporate Espionage Questions

There are no questions about this topic.
Be the first to ask!

From Our Partners