Businessmen Charged With Conspiring To Commit Economic Espionage To Benefit Chinese Company

On Friday, April 27, 2018, it was announced that two businessmen had been charged with conspiracy to commit economic espionage for the benefit of CBM-Future new Material Science and Technology Co. Ltd. 53-year-old Shan Shi and 32-year-old Gang Liu were charged on Thursday. Both were previously indicted in June of 2017 for conspiracy to commit theft of trade secrets. The indictment also charges CBMF and CBM International for their involvement in the conspiracy.

According to court records, the defendants conspired with others to commit economic espionage and steal trade secrets from a United States engineering firm. The firm manufacturers syntactic foam. Shan, Liu, 36-year-old Uka Kalu, 75-year-old Samuel Abotar Ogoe, 41-year-old Kui Bo and 33-year-old Hui Huang were previously indicted on a charge of conspiracy to commit theft of trade secrets. Another defendant pleaded guilty to the same charge in December of 2017.

At this point in time, the defendants are innocent until proven guilty beyond a reasonable doubt in a court of law. Further details have been made available here.

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