SAN FRANCISCO – Racho Jordanov, the co-founder and former Chief Executive Officer of JHL Biotech, and Rose Lin, another of the company’s co-founders and
Former CEO And COO Of JHL Biotech convicted of conspiracy to steal trade secrets and commit wire fraud exceeding $101 million irs.gov - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from irs.gov Daily Mail and Mail on Sunday newspapers.
Former CEO And COO Of JHL Biotech Charged With Conspiracy To Steal Trade Secrets Details Written by IVN
San Francisco, California - Wednesday, the court unsealed an indictment returned by a federal grand jury in San Francisco charging Racho Jordanov, the co-founder and former Chief Executive Office of JHL Biotech, and Rose Lin, another of the company’s co-founders and former Chief Operating Officer, with conspiracy to commit trade secret theft and wire fraud, international money laundering, and related charges including obstruction of justice, announced Acting United States Attorney Stephanie M. Hinds, Internal Revenue Service ̶ Criminal Investigations, Special Agent in Charge Michael Daniels, and Federal Bureau of Investigation, Special Agent in Charge Craig D. Fair.
U.S. charges former JHL Biotech executives with stealing trade secrets By Syndicated Content
Jul 7, 2021 | 5:57 PM
WASHINGTON (Reuters) â Two co-founders of JHL Biotech were charged on Wednesday with stealing trade secrets from Genentech that helped their firm speed development of generic versions of Genentech biologic drugs, the U.S. Justice Department said in a statement.
Raco Ivanov Jordanov and Rose Lin were also charged with wire fraud, international money laundering and obstruction of justice in the grand jury indictment, the statement said.
Jordanov and Lin pleaded not guilty to all the charges in an appearance on Wednesday in federal court in San Francisco.
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Ex-JHL Biotech Execs Charged In $101M Wire Fraud Scheme
Law360 (July 7, 2021, 10:29 PM EDT) A California federal grand jury has indicted JHL Biotech s former CEO and former chief operating officer, slapping the Taiwanese biological drug development company s co-founders with charges stemming from an allegedly sprawling $101 million trade secrets and wire fraud conspiracy.
JHL s ex-CEO Raco Ivanov Jordanov and former COO Rose Lin are also accused of committing wire fraud, international money laundering and obstruction of justice, among other related charges, according to an indictment unsealed Wednesday. JHL Biotech changed its name to Eden Biologics in February.
Both appeared in California federal court Wednesday and pled not guilty to all the charges. They ve been released.