Ex-AMD Employee Allegedly Stole $1 Billion in Trade Secrets from Intel

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Ex-AMD Employee Allegedly Stole $1 Billion in Trade Secrets from Intel

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ugc

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11 product reviews

7. November 2008 @ 13:50

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Biswamhoan Pani, a former Intel Corp. Engineer, has been accused of stealing trade secrets worth more than $1 billion dollars from Intel while working for Advanced Micro Devices Inc. Pani allegedly downloaded the files over a four day period in June.

Pani had resigned from Intel but still had access to the company's computers. He had told supervisors that he was investigating a hedge fund job but in reality had started working for chip rival AMD and for a time was on both companies' payrolls.

Prosecutors acknowledged that AMD was unaware of Pani?s actions but said that Pani "planned to use this information to advance his career at AMD or elsewhere by drawing on it when the opportunity arose, whether with his employer's knowledge or not."

Source:
http://tech.yahoo.com/news/ap/20081106/a...d_trade_secrets

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