Ex-Intel employee pleads guilty to theft charges

SAN FRANCISCO Sat Apr 7, 2012 4:50am IST

An Intel logo is seen at the company's offices in Petah Tikva, near Tel Aviv October 24, 2011. REUTERS/Nir Elias/Files

An Intel logo is seen at the company's offices in Petah Tikva, near Tel Aviv October 24, 2011.

Credit: Reuters/Nir Elias/Files

Related Topics



SAN FRANCISCO (Reuters) - A former Intel Corp (INTC.O) employee who allegedly stole from the chipmaker documents worth hundreds of millions of dollars pleaded guilty on Friday to five counts of wire fraud.

Federal prosecutors in Boston had alleged that Biswamohan Pani, 36, downloaded some of Intel's "most valuable" design and manufacturing documents in June 2008, in his final days as an engineer in a Massachusetts facility.

Intel was not aware at the time of the alleged downloads that Pani had already sought a position and begun working at Advanced Micro Devices (AMD.N), Intel's largest rival in the chip industry.

Pani acted alone and there was no evidence that he was instructed by AMD to carry out the theft - nor was AMD aware of his actions, prosecutors said. In court filings, Intel estimated the company secrets to be worth at least $200 million to $400 million.

AMD fired Pani in 2008.

"AMD was not accused of wrongdoing, and the FBI has stated that there is no evidence that AMD had any involvement in or awareness of Mr. Pani's alleged actions," said Drew Prairie, a spokesman for AMD.

Pani faces up to 20 years in prison on each count, and is scheduled to be sentenced on August 8.

A lawyer for Pani did not immediately respond to a request for comment late Friday.

(Reporting By Gerry Shih; Editing by Richard Chang)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared



Modi In U.S.

Modi In U.S.

Obama, Modi work to deepen improving U.S.-India ties  Full Article | Full Coverage 

Factory Activity

Factory Activity

Factories expand at slowest pace this year in September  Full Article 

Monetary Policy

Monetary Policy

RBI not biased towards either raising or cutting rates - Rajan  Full Article 

Asia & Europe

Asia & Europe

Weak demand hits factory activity across Asia, Europe  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage