China has orchestrated attempts to steal billions of dollars worth of trade secrets from some of the biggest companies in the US, including Tesla, Google, Apple, and Coca-Cola.
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DOJ’s ‘China Initiative’ Focuses on Trade Secret Theft, Shows No Signs of Slowing Down in the Biden Administration Wednesday, June 9, 2021
Despite some significant policy changes at the U.S. Department of Justice (DOJ) instituted in the early months of the Biden administration, one key legal thread that remains a holdover from the prior administration appears to be the DOJ’s so-called “China Initiative.”
The Trump administration launched the China Initiative in late 2018 to “identify priority Chinese trade theft cases, ensure that we have enough resources dedicated to them, and make sure that we bring them to an appropriate conclusion quickly and effectively.” The policy was part of an apparent trend of increased consideration by federal prosecutors and law enforcement to investigate and bring cases of trade secret theft that previously might have been viewed as best resolved through civil litigation.
Hospital Researcher Sentenced to Prison for Conspiring to Steal Trade Secrets and Sell to China Details Written by Imperial Valley News
Washington, DC - An Ohio man was sentenced Monday to 33 months in prison for conspiring to steal exosome-related trade secrets concerning the research, identification and treatment of a range of pediatric medical conditions.
Yu Zhou, 51, of Dublin, Ohio, pleaded guilty in December 2020 to stealing scientific trade secrets related to exosomes and exosome isolation from Nationwide Children’s Hospital’s Research Institute for his own personal financial gain. Zhou also conspired to commit wire fraud.
“Yu Zhou sought to exploit U.S. taxpayer dollars intended to fund critical, life-saving research at Nationwide Children’s Hospital through the whole-sale theft of their trade secrets,” said Assistant Attorney General John C. Demers for the Justice Department’s National Security Division. “Zhou’s greed was enco
Researcher Sentenced to 33 Months in Prison for Stealing Trade Secrets to Sell in China
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A hospital researcher on April 19 was sentenced to 33 months in prison for conspiring to steal trade secrets from an Ohio children’s hospital to sell in China, according to the Justice Department.
Zhou Yu, 51, pleaded guilty in December 2020 to stealing at least five trade secrets relating to exosome research from the Nationwide Children’s Hospital’s Research Institute in Columbus, Ohio, where he had worked for 10 years until 2017. Exosomes are small sacs of fluid released from cells that have increasingly been used in the research, identification, and treatment of a range of diseases, including liver fibrosis and liver cancer.