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Ex Employee steals $1 Billion in IP from Intel

Goes to work for AMD

| Posted: Nov 6, 2008 10:55 am

Theft from the work place is nothing new. Granted it is usually in the form of pens, staplers and the odd bag of coffee. It seems that one former Intel employee grabbed a little more than his favorite red Swingline stapler.

 

Biswamohan Pani decided to grab up an estimated $1 billion (that's with a B) in Intel IP. To add that extra slap in the face Pani had secretly accepted a job at AMD.

 

AMD, according to the government investigators did not know about or request any of the information Pani was gathering.

 


Read more here

 

Ex Employee steals $1 Billion in IP from Intel

 

Prosecutors on Wednesday charged a Worcester, Mass. man with stealing trade secrets worth more than $1 billion.

 

Biswamohan Pani, 33, was indicted for allegedly stealing trade secrets from Intel Corp.'s facility in Hudson, Mass., and downloading confidential documents from the company's offices in California.

 

Pani was hit Wednesday with four new counts after being initially charged on Aug. 28 with one count of theft of trade secrets.

 

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