New Charges Announced Against Individuals Accused of Conspiracy [...]
New Charges Announced Against Individuals Accused of Conspiracy And Fraud
📅 - The Associated Press reported today that further accusations are flying in the case against three Chinese nationals who are accused of stealing trade secrets from Lucent Technologies. Now, Telenetworks, NetPlane Systems Inc., Hughes Software Systems Ltd., and ZiaTech Corp., a subsidiary of Intel Corp., are reporting to be swindled, according to a new indictment against them returned Thursday.
The four companies are reporting losses on the basis that each has licensed portions of their software to Lucent (lucent.com) or sold Lucent circuit boards for use in the PathStar server.
Facing 24 counts, including the original conspiracy charge, 14 counts of possessing trade secrets, and nine wire fraud counts, the three men worked at Lucent's Murray Hill headquarters. All have pleaded innocent and are free on bail.
First charged in May with plotting a joint venture with Datang Telecom Technology Co. Ltd., of Beijing, they are accused of attempting to clone Lucent's PathStar's data and voice transmission system. The trial is scheduled for Sept. 24, 2001. The men face up to 10 years in prison and a $250,000 fine for the conspiracy charge, and up to five years in prison and a $250,000 fine for each fraud charge.
The four companies are reporting losses on the basis that each has licensed portions of their software to Lucent (lucent.com) or sold Lucent circuit boards for use in the PathStar server.
Facing 24 counts, including the original conspiracy charge, 14 counts of possessing trade secrets, and nine wire fraud counts, the three men worked at Lucent's Murray Hill headquarters. All have pleaded innocent and are free on bail.
First charged in May with plotting a joint venture with Datang Telecom Technology Co. Ltd., of Beijing, they are accused of attempting to clone Lucent's PathStar's data and voice transmission system. The trial is scheduled for Sept. 24, 2001. The men face up to 10 years in prison and a $250,000 fine for the conspiracy charge, and up to five years in prison and a $250,000 fine for each fraud charge.
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URL source: http://www.thewhir.com/marketwatch/luc041202.cfm
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