(PatriotHeadline.com)- Just as President Joe Biden begins a new, more compromising relationship between the United States and the Communist Party of China, reports reveal how a Chinese businessman was indicted for conspiring to steal trade secrets worth several million dollars from General Electric.
According to Attorney for the United States, Elizabeth C. Coombe, 64-year-old businessman Chi Lung Winsman Ng from Hong Kong conspired to steal trade secrets relating to silicon carbide MOSFET tech.
“As alleged in the indictment, Winsman Ng conspired to steal trade secrets from General Electric to start a competitor,” Coombe revealed.
Coombe allegedly planned to use the stolen technology and knowledge to begin a Chinese operation that would compete directly with American business.
“Mr. Ng conspired to steal valuable and sensitive technology from GE and produce it in China,” FBI Special Agent Thomas F. Relford, who was in charge of the investigation, revealed.
It’s just one of many examples of Chinese theft of American trade secrets. Arrests take place regularly, with the Justice Department revealing in November 2019 that a Chinese national who worked for Monsanto was charged with stealing trade secrets for the Chinese government.
42-year-old Haitao Ziang was stopped by federal officials in an American airport before flying to China while in possession of proprietary farming software.
“The indictment alleges another example of the Chinese government using Talent Plans to encourage employees to steal intellectual property from their U.S. employers,” Assistant Attorney General John Demers said at the time.
The “Thousand Talents Plan” which was announced in 2008 was labeled a threat to American security by the U.S. federal government. The operation provides incentives for Chinese workers to steal foreign intellectual property.
In the latest indictment, the Department of Justice says that Winsman Ng worked with “at least one co-conspirator” to plot to “develop a business” using technology stolen from General Electric.
“The indictment alleges that between about March 2017 and January 2018, Ng and at least one co-conspirator plotted to develop a business that would manufacture and sell silicon carbide MOSFETs using trade secrets stolen from GE. MOSFETs, or silicon carbide metal-oxide semiconductor field-effect transistors, are small electronic semiconductors/switches that regulate the flow of electricity through devices and are used in a variety of products,” it reads.
Ng faces a fine of up to $250,000 and 10 years in prison.