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

Stocks

   

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)

FILED UNDER:

Politics of Religion

REUTERS SHOWCASE

Fund Raising

Fund Raising

Flipkart raises $700 million in fresh funding.   Full Article 

Reforms Push

Reforms Push

Modi may order insurance, coal reforms if vote delayed - officials.  Full Article 

Reuters Exclusive

Reuters Exclusive

India looks to sway Americans with nuclear power insurance plan  Full Article 

To Boost Growth

To Boost Growth

Crank up public spending to revive growth - chief economic adviser.   Full Article 

Bold Steps

Bold Steps

SpiceJet rescue plan marks bold bet on Indian aviation recovery.   Full Article 

New Airline

New Airline

Tata, Singapore Air venture Vistara to take off on Jan 9.  Full Article 

Online Sales

Online Sales

Knock knock. Who's there? Amazon's best-selling holiday author.  Full Article 

Chinese Economy

Chinese Economy

China revises up size of 2013 economy, sees no effect on 2014 growth.  Full Article 

Reuters Poll

Reuters Poll

BSE Sensex to hit 32,980 by December 2015  Full Article 

Reuters India Mobile

Reuters India Mobile

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