U.S. District Court Judge Jeffrey S. White sentenced Walter Lian-Heen Liew to serve 15 years in prison, to forfeit $27.8 million, and to pay $511,667 in restitution for stealing trade secrets from du Pont de Nemours & Company and then selling them to a state-owned Chinese company.
The sentencing judge described it as a“white collar crime spree” that included violations of the Economic Espionage Act, tax evasion, bankruptcy fraud, and obstruction of justice.The jury found that Liew filed false tax returns for USAPTI and Performance Group and made false statements and oaths in bankruptcy proceedings for Performance Group.
The court indicated that “the 15 year sentence was intended, in part, to send a message that the theft and sale of trade secrets for the benefit of a foreign government is a serious crime that threatens our national economic security.
Good Going. Just a thought.
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