Finally a prosecution of industrial espionage in the United States.
A Chinese-born engineer stole trade secrets critical to the U.S. space program and passed them to China for three decades without detection, prosecutors said Tuesday in the first economic espionage case to reach trial in the United States.
Prosecutors laid out their case against Dongfan "Greg" Chung, 73, in U.S. District Court in Santa Ana. The Chinese-born engineer has pleaded not guilty to charges of conspiracy, economic espionage, lying to federal agents, obstruction of justice and acting as a foreign agent.
The FBI has economic espionage has their #2 priority.
The Cold War is not over, it has merely moved into a new arena: the global marketplace. The FBI estimates that every year billions of U.S. dollars are lost to foreign competitors who deliberately target economic intelligence in flourishing U.S. industries and technologies, and who cull intelligence out of shelved technologies by exploiting open source and classified information known as trade secrets. Foreign competitors who criminally seek economic intelligence generally operate in three ways to create their spy networks:
- They aggressively target and recruit susceptible people (often from the same national background) working for U.S. companies and research institutions;
- They recruit people to locate economic intelligence through operations like bribery, discreet theft, dumpster diving (in search of discarded trade secrets), and wiretapping; and,
- They establish seemingly innocent business relationships between foreign companies and U.S. industries to gather economic intelligence including classified information.
There are various estimates of the economic losses, some as high as $330 Billion, but the more relevant aspect is these losses can also represent American jobs.