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Couple Convicted of Theft of Biotech Trade Secrets from Genentech; JHL Biotech Founders Face Similar Charges

Two people have been convicted and two have been prosecuted as a result of a federal investigation into the theft of biotechnology corporate secrets.

A former chief scientist at Genentech, a South San Francisco-based biotechnology company, pleaded guilty to conspiracy with her husband and other charges related to the theft of corporate secrets in federal court on July 7.

In addition, a federal grand jury has been conspired to steal corporate secrets and several other charges by JHL Biotech Inc. Indicted co-founder of.

The conviction and accusation were announced Wednesday by Stephanie Hinds Office, Deputy Federal District Attorney for Northern California.

In a judicial transaction, XantheLam and AllenLam have stolen confidential, proprietary and confidential information from Genentech since 2009 and are now a biopharmacy startup headquartered in Takekita, JHL Biotech Inc. I admit that I colluded to share with. We have offices in Taiwan, Wuhan, China, and Rancho Santa Fe in Southern California.

Their conviction follows a three-year cooperation with the Federal Bureau of Investigation on trade theft. “This US federal prosecutor’s office will always prosecute the theft of corporate secrets to protect innovation.

In related proceedings, a grand jury indictment charged JHL Biotech co-founder and former CEO Racho Jordanov, 73, and another, Rose Lin (also known as Rose Sweihorn Tong), 72. it was done. Co-founder and former CEO of a company with conspiracy to commit related offenses, including trade secret theft and wire fraud, international money laundering and obstruction of justice.

The accusation provided Lin with Lams in 2009 to provide confidential documents stolen from Genentech, giving JHL a competitive advantage and other means of raising its value to more than $ 900 million. Claims.

The indictment also alleges that it used information stolen by Jordannov and Lynn to deceive more than $ 100 million in investors.

“According to the indictment, JHL Biotech was a nearly $ 1 billion Taiwanese unicorn built on a lie foundation,” Hinds said. “This kind of complex intellectual property theft and fraud not only harms victims, but also threatens the intellectual property of industries that are strategically important to the United States.”

Couple Convicted of Theft of Biotech Trade Secrets from Genentech; JHL Biotech Founders Face Similar Charges Source link Couple Convicted of Theft of Biotech Trade Secrets from Genentech; JHL Biotech Founders Face Similar Charges

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