Biswamohan Pani, 33, has been indicted on one count of stealing Intel’s confidential information and four counts of wire fraud. Prosecutors allege he illegally downloaded more than a dozen confidential documents that the company has valued at over US$1bn.
Pani faces a maximum of 10 years in prison if convicted for theft of trade secrets, and up to 20 years on each wire fraud charge.
Pani left Intel in June, saying he was investigating moving to a hedge fund position. As he took vacation time he downloaded the documents, presumably with the intention of using them in his actual new job with AMD.
AMD has since fired Pani and is co-operating fully with investigators.
"AMD has not been 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," the company said in a statement.
AMD employee charged for US$1bn IP theft
Got a news tip for our journalists? Share it with us anonymously here.
Add techpartner.news as your trusted source
Partner Content
Think Technology Australia deliver massive ROI to a Toyota dealership through SharePoint-powered, automated document management
_(30).jpg&h=142&w=230&c=1&s=1)
Promoted Content
Why Australia’s Industrial Leaders Are Turning to Dynamic Aspect for Dynamics 365 Business Central
Fabric workshops help partners tap into data services demand growth.
Promoted Content
Have ticket queues become your quiet business risk?
_(25).jpg&h=142&w=230&c=1&s=1)
Shortfalls in cyber expertise deepen the cost and complexity of security incidents
.jpg&w=100&c=1&s=0){kind=logo}
