Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  News  >  Economy & Forex

News : Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Chinese professor pleads guilty to lying to FBI in Huawei-related case

12/04/2020 | 05:59pm EST

Dec 4 (Reuters) - A Chinese professor accused by U.S. prosecutors of helping steal American technology to benefit China's Huawei Technologies Co Ltd on Friday pleaded guilty to lying to the FBI, but is expected to be allowed to return home after prosecutors decided not to pursue a more serious charge.

The professor, Bo Mao, had been charged with conspiring to defraud Silicon Valley's CNEX Labs and faced up to 20 years behind bars. He was a visiting professor at the University of Texas when he was arrested in August 2019.

Mao, 37, pleaded guilty to the lesser charge of making a false statement in a video appearance before U.S. District Judge Pamela Chen in Brooklyn. He is expected to be sentenced to time served and leave the United States on Dec. 16. He was in custody for six days after his arrest.

Mao was originally accused of entering into an agreement with an unidentified company to use its circuit board for research and sharing the proprietary information with a Chinese company. Descriptions suggest that the first company refers to CNEX Labs and the second to Huawei.

At the plea hearing, Mao admitted through a Mandarin interpreter that he told FBI agents did not know anyone at a university in Texas owned the board. But he had sought access to one when he made the false statement.

Prosecutor Sarah Evans told the judge Mao's lies "concealed the lengths" he went to access the technology on behalf of a company she did not name, but is Huawei.

Mao's arrest came amid a U.S. Justice Department crackdown on Chinese influence in universities over alleged spying and intellectual property theft by the Chinese government.

The arrest also took place before Brooklyn federal prosecutors added trade-secret-theft charges to their 2018 indictment against Huawei, a telecommunications equipment maker.

The case against Huawei is pending in Brooklyn. In 2018, the company and its finance chief, Meng Wanzhou, were charged with misleading banks about business in Iran. The charges added in February include theft of CNEX's trade secrets. Huawei has pleaded not guilty.

In a civil lawsuit in Texas, a jury last year found Huawei misappropriated CNEX's secrets, but awarded no damages.

Meng was arrested in Canada in 2018 in connection with the criminal case. She has said she is innocent and has been fighting extradition.

Her lawyers are now in talks with the U.S. Justice Department, a person familiar with the matter said on Thursday, signaling a potential end to the case against her, which has strained ties between the United States, China and Canada. (Reporting by Karen Freifeld; editing by Jonathan Oatis, Richard Chang and Sonya Hepinstall)

© Reuters 2020
Latest news "Economy & Forex"
08:05aOil above $56 on U.S. stimulus hopes ahead of Biden inauguration
08:05aLocal Ophthalmology practice celebrates seven and a half years with Retina Specialist Matthew Cole, M.D.
07:54aIAEA INTERNATIONAL ATOMIC ENERGY AGENCY : Improved Soil and Nutrient Management Practices Increase Rice Yields in Lao PDR
07:53aMorgan Stanley profit races past estimates on trading strength
07:52aPandemic-driven cleaning routines boost P&G sales forecast again
07:51aIsrael includes pregnant women on COVID-19 vaccines priority list
07:47aDutch to ban flights from non-Schengen countries to curb coronavirus variants- ANP
07:47aDutch to ban flights from non-schengen countries from jan. 23 to curb coronavirus variant- anp
07:43aBritain to publish weekly data on COVID-19 impact on spending
07:33aUK will submit request to join CPTPP trading bloc soon - trade minister
Latest news "Economy & Forex"