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| -Lurid Crime Tales- |
| Chinese man pleads guilty to stealing Monsanto trade secret |
| 2022-01-09 |
| [FOXBUSINESS] A Chinese national admitted in federal court Thursday that he stole a trade secret when he worked for Monsanto and one of its subsidiaries in Missouri, federal prosecutors said. Haitao Xiang, 44, formerly of Chesterfield, Missouri, pleaded guilty to conspiracy to commit economic espionage. He was indicted by a grand jury on eight charges in 2019. Prosecutors said in a news release that Xiang transferred a trade secret to a memory card and then attempted to take it to China for the benefit of the Chinese government. Xiang worked as an imaging scientist for Monsanto and one of its subsidiaries, The Climate Corporation, from 2008 to 2017. Court records say Monsanto and The Climate Corporation developed a digital online farming software platform to help farmers collect field data to increase productivity. Part of the platform was an algorithm called the Nutrient Optimizer, which the companies considered a trade secret and their intellectual property, prosecutors said. |
| Posted by:Fred |
| #1 Did the law firm of King & Spalding facilitate a plea agreement ? |
| Posted by: Besoeker 2022-01-09 01:52 |