Ex-Intel employee charged with $1 billion IP theft

Posted on Thursday, November 06 2008 @ 21:37 CET by Thomas De Maesschalck

Biswamohan Pani, a 33-year old ex-Intel employee who now works for AMD, has been charged with stealing Intel trade secrets worth $1 billion in research and development costs:

Federal prosecutors in Massachusetts say 33-year-old Biswamohan Pani downloaded confidential documents from the chip maker's California headquarters while he was on vacation and actually working for AMD.

Prosecutors say AMD had no knowledge of Pani's actions and did not benefit. But they say the information Pani downloaded was worth more than $1 billion in research and development costs, and included details about methods for designing microprocessors.

Pani claims he had no intention of harming Intel, and states he was going to give the information to his wife, who also worked for Intel.

Source: BusinessWeek

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Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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