Thursday, December 09, 2010, 12/09/2010 10:44:00 AM

Former Valspar Employee David Yen Lee Sentenced for Criminal Trade Secrets Theft

By Todd



The Chicago Daily Herald is now reporting the thief, David Yen Lee, has been sentenced to 15 months in federal prison and ordered to pay restitution of $30,975. The restitution approximates Valspar's internal costs of investigating Mr. Lee's misconduct.


You'll recall that Mr. Lee resigned, shortly after a trip to China, and when he turned in his phone and computer, Valspar found a hidden file containing unauthorized software programs including a data copying program. Data including Valspar trade secrets had been downloaded to the computer without authorization. Mr. Lee had booked a one-way airline ticket from Chicago to Shanghai scheduled to depart shortly after his resignation. Valspar is a maker of a paints and industrial coatings. It was earlier reported that the US Attorney's office had been seeking a sentence of 5 years.




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