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Chinese National Stole Ford Secrets Worth More Than $50 Million

A ten year veteran of the U.S. automaker Ford Motor Company pleaded guilty in federal court on November 17 to charges that he stole company secrets. Yu admitted to copying some 4,000 Ford Documents to a external hard drive, including system design specifications for Ford s cars after surreptitiously taking a job with a competitor in 2006. Yu faces a sentence ranging from five to six years in prison and a fine of up to $150,000 for a theft of trade secrets worth between $50 million and $100 million.

Source: https://threatpost.com/chinese-national-stole-ford-secrets-worth-more-50-million-112210/74697/

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