Friday, December 16, 2005, 12/16/2005 10:22:00 PM

Another California Exec Heads to Jail for Stealing Trade Secrets

From the San Jose Mercury News, a former executive of San Ramon, California based BioGenex Laboratories Inc., pleaded guilty in federal court to misappropriating trade secrets of his former employer.

In his plea, the executive admitted to taking engineering notes containing confidential information he thought would boost his success in his next job. The notes were later found in his home during a police search.

Maximum penalty for the charge is 10 years in prison and a fine of $250,000.

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