international theft of trade secret: a case study presented by: nenette day
TRANSCRIPT
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International Theft of Trade Secret:
A Case Study
Presented by: Nenette Day
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OVERVIEW
THE LAW
BACKGROUND
THE CRIME
UNDERCOVER OPERATION
RESOLUTION / ISSUES
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Economic Espionage Act
. Economic Espionage
. Theft of Trade Secrets
. Penalty of up to 15 years in prison
. Penalty of up to 10 years in prison
. Provides for fines and forfeiture of property obtained as a result of the theft
. Put into law in 1996
Title 18 Section 1831
Title 18 Section 1832
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Trade Secret
. What’s covered: All forms and types of financial, business, scientific, technical, economic or engineering information.
. Elements: A) must take reasonable measures to keep such information safe and B) information must derive
independent economic value by being kept secret.
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. ”There is no specific law in India that protects trade secrets and confidential information.”
. Common Law: Breach of Contractual Obligation Civil Remedy Only injunction to prevent release return of trade secret compensation for losses
Indian Law
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Background
. SolidWorks 2001 Plus
. Outsource Programming
. What is source code?
. Geometric Software Solutions Limited
Hint: Trade Secret!
$85 Million to create
$60 Million in sales
Non-Disclosure Agreement
Good Security
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The Crime
. Research Competitors
. Establish Alias
. Steal Source Code
. Solicit Competitors via e-mail
. Under estimate ethics of US Company
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Undercover Operation
. Obtain cooperation of India CBI
. Obtain approval for Undercover Operation from God on down…
. Notify FBI Legal Attache in India
. Establish Agent as Solid Concepts Contactor
. Victim company assistance
First FBI UCO in India
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Once in India…
. Establish communications with subject
. Meeting with Verma confirmed
. Spend a lot, and I do mean a lot, of quality time at the CBI
. Money wired to Verma’s Bank
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Who is this guy?
. Former GSSL programmer
. Master’s Student
. Shekhar Verma
. Fired for for poor performance
. Brother is a high ranking Police Official
Insiders are the most dangerous criminals.
. 27 years old and married to a Doctor
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The Meeting
. Meet Independent Observers
. Meeting commences (Complete with compiling and acknowledgement of wrong
doing)
. CBI wires room for audio and video
. Wait in hotel lobby (what are the odds)
. Verma is arrested
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Resolution and Issues
. He is currently on trial
. Many issues to deal with related to witness statements and international investigations
. Verma was charged with Theft and Criminal Breach of Trust
. Extraditable Offense
. Global Business
. Search Warrant executed and CD’s retrieved
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And lastly…
. I did get to see…