Author: Canada Vancouver Sailing Farm – Maple news Talk
(Picture source Pikisuperstar)
According to the U.S. Department of Justice news on May 9, a federal judge in Tennessee sentenced 59-year-old Chinese scientist You Xiaorong to 14 years in prison and a fine of $200,000 on the same day for stealing trade secrets, engaging in economic espionage and fraud.
Court documents show that defendant You Xiaorong, during her tenure at Coca-Cola and Eastman Chemical Company, used her job authority to steal about $120 million worth of confidentiality coating formulations for the lining of beverage cans and set up a company in China. The new company that produces the paint with this formula received millions of dollars in Chinese government grants to support the new company including a Thousand Talents Plan awards.
The US Department of Justice pointed out that the development of the above classified coatings is expensive and time-consuming. The defendant illegally conspired with the CCP to steal the patented technology of American companies for personal gain, which not only brought a devastating blow to the victimized company, but also seriously threatened the economic security of the stolen company and the entire country.
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