Chunlai Yang, a former programmer for CME Group, the largest US futures exchange operator, has admitted to stealing trade secrets from the firm.
He pleaded guilty to downloading CME's computer codes to help boost trading speeds and volumes at a Chinese exchange.
The US government said the potential loss from the theft was between $50m-$100m (£30m-£60m).
Mr Yang, a Chinese national who has US citizenship, faces 10 years in jail.
"Trade secret theft is a serious economic crime that affects the interests of corporations, as well as our national interest, in protecting intellectual property," said Gary Shapiro, acting United States Attorney for the Northern District of Illinois.
20 Sep, 2012
-
Source: http://www.bbc.co.uk/news/business-19658058#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa
--
Manage subscription | Powered by rssforward.com
Anda sedang membaca artikel tentang
Programmer admits to data theft
Dengan url
http://mateofgod.blogspot.com/2012/09/programmer-admits-to-data-theft.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Programmer admits to data theft
namun jangan lupa untuk meletakkan link
Programmer admits to data theft
sebagai sumbernya
