Wednesday, May 22, 2013, 5/22/2013 12:03:00 PM

Chinese Trade Secrets Theft Hits US Universities

Chinese trade secrets theft, although extensive, has generally focused on US businesses.


Now, in a new twist, Reuters reports that three Chinese researchers at NYU Langone Medical Center have been charged in federal court with bribery in connection with theft of trade secrets relating to MRI technology.

The researchers apparently received at least $400,000 in bribes to provide information to a Chinese Medical Imaging company, United Imaging Healthcare, and a Chinese government-backed research institute, Shenzen Institute of Advanced Technology.

The three were charged in federal court in the Southern District of New York where the US Attorney doesn’t play.

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