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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Kyle Brasseur2023-05-17T03:20:00
A new strike force co-led by the Department of Justice (DOJ) and Commerce Department made an impact Tuesday when charges against a former Apple engineer for theft and attempted theft of trade secrets were included as part of its first enforcement actions.
The Disruptive Technology Strike Force, a collaboration between the DOJ’s National Security Division and Commerce Department’s Bureau of Industry and Security, laid the groundwork for the indictment of Weibao Wang, who is accused of stealing Apple technology related to autonomous systems and fleeing to China with that intel to work for a competitor. Wang faces six charges related to the six categories of trade secrets he allegedly stole or attempted to steal, according to the agency.
The case was one of five announced by the DOJ as the first batch to include the involvement of the Disruptive Technology Strike Force, which was formed in February. The strike force works to protect U.S. critical technological assets from being acquired or used by nation-state adversaries.
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News and analysis for the well-informed compliance or audit exec.
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2023-05-01T16:22:00Z By Kyle Brasseur
Not knowing with certainty whether the business you’re conducting meets all relevant regulatory standards is a recipe for trouble, as Seagate learned in paying $300 million for its restricted dealings with Chinese telecom Huawei.
2023-04-20T16:27:00Z By Kyle Brasseur
Seagate will pay the largest stand-alone administrative penalty in the history of the Commerce Department’s Bureau of Industry and Security for violating export control restrictions against Chinese telecommunications giant Huawei.
2022-02-08T21:20:00Z By Aaron Nicodemus
Hytera Communications allegedly conducted a scheme to systematically steal trade secrets from Motorola Solutions by hiring away Motorola employees who had developed its “walkie-talkie” product line, according to a federal indictment.
2024-07-02T20:35:00Z By Adrianne Appel
Three former executives of Chicago-based Outcome Health, a healthcare technology company, were sentenced for misleading an auditor, clients, lenders, and investors about a scheme to sell $45 million in overbilled advertisements.
2024-07-02T14:42:00Z By Adrianne Appel
A home health company operating in Indiana, Ohio, and Texas agreed to pay nearly $4.5 million to settle allegations it filed false claims by giving sports tickets and other kickbacks to assisted living facilities in exchange for referrals.
2024-07-02T13:50:00Z By Aaron Nicodemus
Crypto-friendly Silvergate Bank will pay a total of $63 million penalties to California and the Federal Reserve Board to settle charges that its anti-money laundering program failed to properly monitor over $1 trillion worth of customer transactions.
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