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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
Dayton A Dayton woman was sentenced in federal court today to prison for fraudulently obtaining more than $2.5 million in pandemic relief loans.
Nadine Consuelo Jackson was sentenced to 24 months in prison for committing wire fraud and making a false statement to a bank related to two Paycheck Protection Program (PPP) loans and one Economic Injury Disaster Loan (EIDL). The PPP and EIDL programs provide emergency financial assistance to businesses suffering the economic effects caused by the COVID-19 pandemic. The CARES Act of 2020 created the PPP and expanded the EIDL Program. The Pandemic has brought out the best in people. And, as this case unfortunately demonstrates, it has also brought out the worst in people. Jackson defrauded programs that were meant to keep workers on the job at businesses suffering because of the pandemic, Acting U.S. Attorney Vipal J. Patel said. She lied to steal millions of public dollars for her own pockets at a time when Americans were suffering
“The greatest long-term threat to our nation’s information and intellectual property, and to our economic vitality, is the counterintelligence and economic espionage threat from China.”
Intro:
The counterintelligence and economic espionage efforts emanating from the government of China and the Chinese Communist Party are a grave threat to the economic well-being and democratic values of the United States.
Confronting this threat is the FBI’s top counterintelligence priority.
To be clear, the adversary is not the Chinese people or people of Chinese descent or heritage. The threat comes from the programs and policies pursued by an authoritarian government.
The Chinese government is employing tactics that seek to influence lawmakers and public opinion to achieve policies that are more favorable to China.
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Tuesday, December 15, 2020
The
U.S. Justice Department released the below information:
A
former Dublin, Ohio, man pleaded guilty in U.S. District Court today to
conspiring to steal exosome-related trade secrets concerning the research,
identification and treatment of a range of pediatric medical conditions.
Yu
Zhou, 50, also pleaded guilty to conspiring to commit wire fraud.
Zhou
admitted to conspiring to steal scientific trade secrets related to exosomes
and exosome isolation from Nationwide Children’s Hospital’s Research Institute
for his own personal financial gain in China.
“Today’s
plea underscores the Department of Justice’s commitment to protecting American