Wednesday, April 15, 2009

Life Sentence for Stealing Tire Secrets?

Two men were charged with conspiring to steal trade secrets from the Goodyear Tire Company and scheming to defraud Goodyear of confidential and proprietary information. The 2 men traveled to a Goodyear tire manufacturing facility. After allegedly making material misrepresentations to Goodyear employees concerning the purpose of their visit, the men used a cell phone to secretly photograph tire manufacturing equipment. According to the indictment, the men later emailed the unauthorized photographs, which contained valuable trade secret information, to employees at a Wyko (a competitor tire company).
If convicted of all charges, the defendants each face a maximum of 150 years in prison and $2.75 million in fines. It was interesting to see the extreme penalty that these two men could face. Committing murder can result in life in prison, and these men could get 150 years each, which is also a life sentence. Not only can they face ‘life’ in prison, but they also could each owe about 3 million dollars in fines.

No comments:

Post a Comment