In Trade Secrets Case, Ex-Genentech Staffer and Husband get 6-Month Prison Sentences
In the years-long case, Xanthe Lam, a former principal scientist for Genentech, and her husband Allen Lam last summer pleaded guilty to conspiracy to commit theft of trade secrets, plus multiple counts of conspiracy to commit computer fraud and abuse, plus other charges, according to documents from the United States District Court in the Northern District of California.
Chinese Spy Duo Charged in Huawei Case as US Condemns ‘Egregious’ Interference
Two Chinese intelligence officers tried to bribe a US law enforcement official as part of an effort to obtain inside information about a criminal case against the Chinese telecommunications company Huawei, federal prosecutors alleged in an indictment unsealed on Monday.
The announcement of charges against the two alleged agents came as attorney general Merrick Garland detailed two other cases in which Chinese intelligence operatives harassed dissidents inside the United States and pressured US academics to work for them.
Pharmazam Says Thermo Fisher Scientific Used Genetic Testing Trade Secrets
According to the complaint, Pharmazam is a Florida company that provides genetic testing services to enable consumers and various medical professionals to better determine the most beneficial course of treatment for a particular patient. Further, the complaint states that Pharmazam has taken reasonable steps to keep its confidential and proprietary information secret and has filed a patent with the USPTO for a “Personalized Medication Management and Alert System and Method.”
Ukraine Says Former Chief of Central Bank Wanted in Embezzlement Case
Ukraine has declared former central bank Governor Kyrylo Shevchenko a wanted man, along with two high-ranking employees of lender Ukrgasbank, on suspicion of embezzling more than $5.42 million.
Shevchenko abruptly resigned on October 4, citing health problems. But two days later, Shevchenko said he had been identified as a suspect in an investigation into “illegal activities” at Ukrgasbank, which he led before his central bank role.
Chesterfield Man Convicted for Fraud after Embezzling Money Slongside Local Law Firm
According to court records, 40-year-old Joshua Brian Romano owned businesses that purchased, rehabilitated, and sold homes around the City of Richmond. He funded his businesses through construction loans that were trusted to a Chesterfield County law firm. The loans were only meant to be used by Romano to purchase or rehabilitate properties, and loans could only be used with the lender’s approval for each payment.
Romano asked Lindsey Epps Passmore, 39, a paralegal at the law firm, to pay out $1.2 million intended for Romano’s projects. However, this money was not spent on Romano’s projects, breaking the agreement with the lender.
Jewish School in New York to Pay $8 mn to Avoid Fraud Prosecution
An Orthodox Jewish school in New York state will pay $8 million after admitting to financial fraud and embezzlement of public funds, according to court documents released Monday.
The Central United Talmudical Academy (CUTA), which operates New York state’s largest Hasidic educational establishment in the Brooklyn neighborhood of Williamsburg, admitted to embezzling some $3 million from the federal government that was intended for the daily meals of some 2,000 schoolboys.
To avoid criminal charges and to close a federal investigation launched in 2018, CUTA has agreed to pay a fine of $5 million in addition to the $3 million it has already returned, according to a statement by the New York federal prosecutor’s office.
