Andre Yoskowitz
9 Apr 2012 23:10
Former Intel engineer Biswamohan Pani has pleaded guilty to stealing over $1 billion worth of internal information from the company in an effort to advance his own career.
Pani has plead guilty to five federal fraud counts for "stealing valuable computer chip manufacturing and design documents from his former employer" before moving to a competitor.
In May, 2008, Pani gave his two week's notice at Intel, and started working at AMD while retaining access to Intel's data system at the same time.
Reads the DOJ statement: "Unbeknownst to Intel, Pani had started downloading from Intel computers numerous secret documents about Intel's manufacturing and design of computer chips." Intel valued the documents stolen at almost $1 billion combined.
Pani was arrested and charged in August 2008.