Ex-IBM Employee Arrested for Selling Trade Secrets to China
Posted by: Timothy Weaver on 05/23/2017 01:07 PM
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Jiaqiang Xu, a software engineer for IBM, has admitted stealing proprietary software code belonging to IBM.
He is accused of economic espionage and theft of trade secrets in order to sell to China. He was employed by IBM for four years in China from 2010 until May 2014. He was recorded trying to sell software based on the stolen code.
The FBI got wind of him when someone in China "was claiming to have access to the code and using it for business ventures".
The US Justice Department said that Xu was selling the software "to benefit the National Health and Family Planning Commission of the People's Republic of China."
Xu is not the only one who was involved in selling trade secrets to China. In a similar case, memory chip-maker Micron Technology has accused employees of stealing trade secrets and passing them on to companies in China to help them develop memory technologies.
Source: Computing Co.
He is accused of economic espionage and theft of trade secrets in order to sell to China. He was employed by IBM for four years in China from 2010 until May 2014. He was recorded trying to sell software based on the stolen code.The FBI got wind of him when someone in China "was claiming to have access to the code and using it for business ventures".
The US Justice Department said that Xu was selling the software "to benefit the National Health and Family Planning Commission of the People's Republic of China."
Xu is not the only one who was involved in selling trade secrets to China. In a similar case, memory chip-maker Micron Technology has accused employees of stealing trade secrets and passing them on to companies in China to help them develop memory technologies.
Source: Computing Co.
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