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Fourteen year sentence for engineer in China trade secrets case

5 pointsby 737minalmost 3 years ago

2 comments

powerbrokeralmost 3 years ago
The trade secrets cost Coca-cola $120 million to develop. Now the cost to develop a trade-secret is just a starting point to figuring out its value to the owner. As a general rule, developers of an intellectual property, particularly one that is commercialized, will value its integrity at considerably more than its development cost.<p>To a large extent, the trade secret&#x27;s value could go to &#x27;0&#x27; if unfettered access is made to its competitors. So 14 years related to $120 mm is about $8.7 mm of &#x27;development costs&#x27; per year incarcerated (assuming no probation). One wonders how many of the commercial spies escape to a non-extradition country after their deed is done (and for that matter, how many secrets get exposed by hacking).
NickRandomalmost 3 years ago
The original indictment at <a href="https:&#x2F;&#x2F;www.justice.gov&#x2F;opa&#x2F;press-release&#x2F;file&#x2F;1132356&#x2F;download" rel="nofollow">https:&#x2F;&#x2F;www.justice.gov&#x2F;opa&#x2F;press-release&#x2F;file&#x2F;1132356&#x2F;downl...</a> makes for an interesting read. I only dug around because I was wondering why she didn&#x27;t high-tail it once they had stolen the formula