Thursday, November 6th 2008
Ex-Intel Employee Charged with $1 Billion for Stealing Secret Information from Intel
Stealing money has always been the easy way to earn some quick pocket change, but what about $1 Billion stolen not from anybody but from Intel itself. At the age of 33, Biswamohan Pani, now a former Intel employee, was charged today for stealing trade secrets from Intel that worth more than $1 billion. Pani was allegedly stealing trade secrets from Intel Corp.'s facility in Hudson, Mass., and downloading confidential documents from the company's offices in California. According to the indictment, Pani gave notice to leave Intel and told his superiors he was using up about a week of vacation while looking for a job at a hedge fund. In reality, he had taken a job at Intel rival Advanced Micro Devices, and while using up vacation time at Intel, was downloading valuable trade secrets. When Pani's house was searched by the FBI, they've found eight documents described by Intel as "confidential," "secret" or "top secret." Now Biswamohan Pani is facing a major sentence in prison, so he can reconsider his theft estimated for $1 billion in research and development costs. On the other side, AMD said it was not aware for any of Pani's stolen information.
Source:
Business Journal
38 Comments on Ex-Intel Employee Charged with $1 Billion for Stealing Secret Information from Intel
Why in earth would you mark top secret stuff like that IRL :shadedshu I get why they do it in movies, but I'd mark them something like Pentium III mobile.
He said he would go on vacations so that he:
a) was not at Intel offices when stealing.
b) he still had access until the time he would finally leave Intel, giving him plenty of time.
But when you mention 1 billion, I could see the thugs being like 'yo youz a slick nigga yo'
Hehe.
I guess he got shorted in the brains department
Pani: What are you in for?
Crim1: Nun massacre
Crim2: Burning down hospitals, you?
Pani: Stealing from Intel
*Crim2 turns and looks at Pani*
Crim2: Youre a monster, the worst kind of person imaginable.
*Crim1 shakes his head*
:laugh: