September 28, 1991 |
The emerging nation, cash-rich but technologically poor, is shopping for a national telecommunications system and an American company is in the thick of the bidding. Not only is the contract worth several billion dollars, but the winner will have a leg up on future work for that country--and for its equally affluent neighbors. But the U.S. firm is narrowly underbid by an overseas rival. Another case of American business failing the test of international competitiveness? Not this time.
December 11, 2010 |
A computer programmer accused of stealing software from Goldman Sachs Group Inc. faces up to 15 years in prison after being convicted on two federal criminal counts. A U.S. District Court jury in Manhattan found Sergei Aleynikov, 40, guilty Friday on one count of economic espionage and one count of transporting stolen goods across state lines. He is set to be sentenced in March. Aleynikov, who worked on Goldman's high-frequency-trading desk, was arrested a month after he quit the investment bank last year to work for a Chicago start-up, Teza Technologies, which was trying to build its own trading operation.
October 3, 1996 |
Senate OKs Stronger Penalties for Economic Espionage: Stealing trade secrets would become a federal felony under an economic espionage bill passed by the Senate and sent to President Clinton for his signature. Approved by voice vote, the bill would subject people convicted of stealing business secrets for a foreign government, company or agent to up to 25 years in prison and up to a $250,000 fine. The maximum fine for organizations convicted of such thefts would be $10 million.
June 29, 2012 |
WASHINGTON - Driven in part by the global financial crisis, foreign intelligence services, corporations and computer hackers have stepped up efforts to steal technology and trade secrets from American companies, the FBI's top spy hunter told Congress on Thursday. A related threat - illegal sales of U.S. technology - was highlighted when a major military contractor, United Technologies Corp., and two subsidiary units agreed in federal court to pay a $75-million fine for illegally selling embargoed software and components to China that the country used to build a sophisticated attack helicopter called the Z-10.
February 29, 1996 |
FBI Director Louis J. Freeh asked Congress on Wednesday to give the bureau greater legal authority to counter rampant and fast-growing economic espionage against the United States by both friendly nations and traditional adversaries. Freeh said the FBI is now investigating 800 cases of economic espionage against the United States, double the number of just two years ago. He warned that the intelligence services of at least 23 nations now make U.S.
October 11, 1995 |
It was portrayed as a minor incident, a mere embarrassment to the intelligence community: Five Americans--four of them CIA officers--were accused by France in February of conducting an economic espionage operation against the government in Paris. The French--U.S. allies, after all--expressed outrage. The U.S. ambassador to Paris, Pamela Harriman, summoned by the French to receive an official protest, privately fumed as well. The affair briefly made headlines, then faded. But now, U.S.