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Ex-Boeing Engineer Guilty Of Stealing Trade Secrets For China

By: Kathy Shwiff DOW JONES NEWSWIRES A former engineer at Rockwell International and Boeing Co. (BA) was convicted Thursday of economic espionage - the first such conviction under a 1996 law - and acting as an agent of the People's Republic of China. As a result of being found guilty on nine of 10 counts, the 73-year-old Chung faces more than 100 years in prison and several million dollars in fines. "The cost of Mr. Chung's traitorous actions to American security and the economy cannot be quantified, but have now been exposed, and his ability to exploit critical technology has come to an end," said Salvador Hernandez, assistant director in charge of the FBI in Los Angeles. To read the complete news article, from WSJ, click here.

Full post as published by The Trade Secrets Vault on July 19, 2009 (boomark / email).