Chinese Citizen Pleads Guilty to Theft of Trade Secrets
Federal prosecutors say a Chinese national employed by a US petroleum company has pleaded guilty in federal court to stealing trade secrets from his employer.
Tulsa, Nov 13 (AP) Federal prosecutors say a Chinese national employed by a US petroleum company has pleaded guilty in federal court to stealing trade secrets from his employer.
Authorities say 35-year-old Hongjin Tan pleaded guilty on Tuesday in federal court in Tulsa to theft of a trade secret, unauthorized transmission of a trade secret and unauthorized possession of a trade secret.
A plea agreement calls for Tan to serve up to two years in prison and pay restitution of USD 150,000.
Tan's attorney, Ryan Ray, hasn't returned a telephone message seeking comment. Court documents indicate Tan worked for Phillips 66 when he stole secrets related to the development of “next generation battery technologies” worth more than USD 1 billion. Sentencing is set for February 2020. (AP)
(This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)