F-22Raptor
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Two Chinese nationals were charged by U.S. federal court for conspiring to commit economic espionage related to marine technology, in order to benefit the Chinese regime and state-owned companies.
Shan Shi, 53, and Gang Liu, 32, were the main orchestrators of a scheme to steal trade secrets from a multinational engineering firm that develops syntactic foam—a lightweight material that keeps objects afloat in deep water, used for military and commercial purposes, including in offshore oil production.
The U.S. Department of Justice announced on April 27 that Shi, Liu, and four others were indicted back in June 2017 on charges of conspiring to steal trade secrets. A new indictment adds the charge of conspiring to economic espionage for Shi and Liu, and a money laundering charge for Shi.
The defendants conspired to pass on trade secrets to a mainland Chinese firm, called CBM-Future New Material Science and Technology Co. (CBMF) based in Taizhou City, in the coastal province of Zhejiang, which eventually built a factory to produce syntactic foam with the stolen technology from the multinational firm, referred to only as “Company A” in the indictment.
Members of the conspiracy created a CBMF subsidiary in Houston, Texas called CBMI—of which Shi was president—in order to help the parent company in China develop syntactic foam-manufacturing capabilities, according to the indictment. Both companies have been indicted on the above three charges.
Shi, a naturalized U.S. citizen, faces a maximum sentence of 45 years in prison, while Liu, a U.S. permanent resident, faces 25 years. The others face 10 years.
https://www.theepochtimes.com/chine...ording-to-u-s-justice-department_2509135.html
Shan Shi, 53, and Gang Liu, 32, were the main orchestrators of a scheme to steal trade secrets from a multinational engineering firm that develops syntactic foam—a lightweight material that keeps objects afloat in deep water, used for military and commercial purposes, including in offshore oil production.
The U.S. Department of Justice announced on April 27 that Shi, Liu, and four others were indicted back in June 2017 on charges of conspiring to steal trade secrets. A new indictment adds the charge of conspiring to economic espionage for Shi and Liu, and a money laundering charge for Shi.
The defendants conspired to pass on trade secrets to a mainland Chinese firm, called CBM-Future New Material Science and Technology Co. (CBMF) based in Taizhou City, in the coastal province of Zhejiang, which eventually built a factory to produce syntactic foam with the stolen technology from the multinational firm, referred to only as “Company A” in the indictment.
Members of the conspiracy created a CBMF subsidiary in Houston, Texas called CBMI—of which Shi was president—in order to help the parent company in China develop syntactic foam-manufacturing capabilities, according to the indictment. Both companies have been indicted on the above three charges.
Shi, a naturalized U.S. citizen, faces a maximum sentence of 45 years in prison, while Liu, a U.S. permanent resident, faces 25 years. The others face 10 years.
https://www.theepochtimes.com/chine...ording-to-u-s-justice-department_2509135.html
