Trade secrets

Cache man pleads not guilty to stealing trade secrets

SALT LAKE CITY -- A scientist has pleaded not guilty to charges that he stole trade secrets from a Cache County chemistry company.

Feds charge Utah scientist with theft of trade secrets

SALT LAKE CITY -- Federal prosecutors have charged a scientist with stealing trade secrets from a Utah company where he worked.

Fake goods, stolen secrets cost U.S. firms billions

An industrial spy tries to steal $20 million in trade secrets from Minnesota-based Valspar paints. The kingpin of a Houston-based drug counterfeiting ring makes millions plugging his fake pharmaceuticals into the pipeline of Britain's socialized medical system. In Washington, the Defense Department unwittingly buys and installs knockoff Cisco computer software to track troop movements.

The theft of intellectual property has grown into an organized crime wave that costs U.S. businesses up to $250 billion a year in lost revenue and pilfered ideas, officials estimate. The problem extends from charade Chanel perfume to pirated movies to bogus cancer drugs. It includes the theft and marketing of chemical formulas and designs for medical devices.

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