Former Intel Man Charged For IP Theft
Trying to be the wise guy and play with two IT giants won;t get you anywhere but in jail, that's the moral of this story: a former Intel man has been charged for stealing documents estimated at $1 billion.
November 10, 2008
Subsequently, he took a job and AMD, where prosecutors believe he sought to use the documents stolen from Intel. The company denies any involvement in the affair and issued the following statement:
"AMD has not been accused of wrongdoing, and the FBI has stated that there is no evidence that AMD had any involvement in or awareness of Pani's alleged actions. "
Pani has been indicted on one count of stealing confidential information and four counts of wire fraud. If found guilty, he faces up to a maximum of 10 years in prison if convicted for the theft of trade secrets, plus an additional 20 years on each wire fraud charge.