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Print 49 comment(s) - last by CommodoreVic20.. on Nov 9 at 6:22 PM

A former Intel employee who quit to work for AMD has been indicted in trade secrets theft

A federal grand jury has indicted a former Intel employee whom the Federal Bureau of Investigation (FBI) has accused of stealing trade secrets from the company.

Biswamohan Pani, 33, allegedly was found with more than 100 pages of Intel documents, with 13 "top secret" file also discovered inside his residence.  Intel put more than $1 billion of research and development money into the documents Pani stole, which includes future CPU designs.

"The indictment was not a surprise," said Bradford Bailey, Pani's attorney.  "We knew it was coming.  We will enter a plea of not guilty when an arraignment date is set, and he will vigorously contest the charges because he is innocent."

Pani submitted his resignation at Intel in May 2008, and planned on working until June 11, but began working for Advanced Micro Devices on June 2.  When he started his job at AMD, he still had an Intel laptop and access to the internal Intel network.

During a search of his home in early July, the FBI found eight different documents that were classified as "secret," "top secret" and "confidential."  AMD did not request he steal the information or knew anything about his actions, the federal government believes.

"AMD has not been accused of wrongdoing, and the FBI has stated that there is no evidence that AMD had any involvement in or awareness of Mr. Pani's alleged actions," AMD said in a statement published by the Associated Press.

According to Pani, he took the files to help his wife work on a project, who is currently employed by Intel.  Intel quickly pointed out the files would have served no use for his wife.

Pani now faces four counts of wire fraud and one count of theft of trade secrets.  He faces up to 10 years on the single count of theft of trade secrets and up to 20 years for each count of wire fraud.



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RE: Back-asswards, much?
By paydirt on 11/7/2008 9:49:34 AM , Rating: 5
China regularly executes politicians and CEOs for much smaller thefts/damages. I think if it was done in the U.S., it certainly would set a tone. While perhaps not appropriate for this case... I do think that the Enron execs should have been executed. They caused billions of dollars worth of damages to people's life savings. I think that big players in mortgage fraud should hang and we could start at the ratings agencies who KNEW they were doing the wrong thing but did it anyway to make a buck. (they've admitted as much)


RE: Back-asswards, much?
By afkrotch on 11/7/2008 10:33:07 AM , Rating: 4
How about the lawyers that get thousands of dollars for thieves who hurt themselves on other's property, while breaking in. Sure wouldn't mind seeing them get hanged.


RE: Back-asswards, much?
By dever on 11/7/2008 12:11:10 PM , Rating: 2
Enron is child's play compared to the politicians who have received large donations from Fannie & Freddie while protecting it from regulation and allowing them to disrupt the mortgage market. Why aren't they brought to prosecuted?


RE: Back-asswards, much?
By elgueroloco on 11/9/2008 11:56:24 AM , Rating: 3
I totally agree. All the guys, including the Congressman and Senators, who are responsible for this Fannie Mae collapse and economic crisis should be arrested and charged with terrorism. They have done more damage to our nation than Al Qaeda did on 9/11, excluding the loss of life.


RE: Back-asswards, much?
By CommodoreVic20 on 11/9/2008 6:22:27 PM , Rating: 2
Agreed. These guys make 9/11 seem like childs play.


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