October 20, 2022 Updated: October 21, 2022. 2023 CNBC LLC. ", Unsealed Indictment Illustrates Interplay Between Criminal and Civil Liability For Theft Of Trade Secrets, SEC Charges Company Executives with Insider Trading for Allegedly Setting Up 10b5-1 Trading Plan While in Possession of MNPI, U.S. Regulatory Challenges For Chinese Companies: The COSCO Case Study, U.S. Regulatory Challenges for Chinese Companies:The Bank of China Case Study, https://www.justice.gov/opa/press-release/file/1469761/download, https://www.justice.gov/opa/press-release/file/1248961/download, https://www.justice.gov/opa/press-release/file/1107251/download, https://www.justice.gov/opa/pr/taiwan-company-pleads-guilty-trade-secret-theft-criminal-case-involving-prc-state-owned. Notably, the Espionage Act for criminal trade secret matters has a five-year statute of limitations, as compared with the three-years provided for in the Defend Trade Secrets Act. ", The IRGC is an elite branch of the Iranian military that oversees Iran's international cyber warfare and espionage operations. The indictment against Hytera continues a pattern of aggressive enforcement by the United States government of trade secrets cases against Chinese entities and individuals. FBI Director Christopher Wray, speaks to reporters at the Department of Justice in Washington on October 23. Nor would he reveal specifically which of the organizations that were targeted reached out to authorities and which did not. AGE: 35 The Department of Justice building on Aug. 18. STROUDSBURG, Pa. (AP) Law enforcement officials seized dark clothing, medical gloves, a flashlight and other items from a Pennsylvania home where they arrested a graduate student charged with . Why it matters: U.S. indictments of international cybercriminals send a clear message that law enforcement knows who is a part of a flourishing overseas hacking groups and make it difficult for defendants to leave their home countries without risking arrest. Yermolenko and Brayman also helped Livshits set up and manage dozens of shell companies and corresponding bank accounts throughout the U.S. that were used in the scheme. Lock Attorney General Merrick Garland, center, flanked by Deputy Attorney General Lisa Monaco, left, and [+] FBI Director Christopher Wray, speaks to reporters at the Department of Justice in Washington on October 23. A lock (LockA locked padlock) or https:// means youve safely connected to the .gov website. Publicly filed court documents, including a 16-count indictment unsealed today in Brooklyn, charge five Russian nationals - including a suspected Federal Security Service (FSB) officer - and two U.S. nationals with conspiracy and other charges related to a global procurement and money laundering scheme on behalf of the Russian government in which Alexey Brayman, a lawful permanent resident of the United States residing in New Hampshire, and Vadim Yermolenko, a U.S. citizen residing in New Jersey, were also arrested and charged as part of scheme. Todays groundbreaking insider trading indictment demonstrates that the Department of Justice, together with our law enforcement partners, will not allow corrupt executives to misuse 10b5-1 plans as a shield for insider trading, said Assistant Attorney General Kenneth A. On multiple occasions, when faced with questions from lenders or potential investors, Watson and his co-conspirators assumed the identities of and impersonated actual media company executives to cover up their prior fraudulent misrepresentations. None of them has been arrested, and officials admitted that U.S. law enforcement has few options available to detain them in person. A Division of NBCUniversal. Why Albania's cyberattacks matter to the U.S. An indictment unsealed Wednesday alleges the defendants targeted hundreds of victims including small businesses, nonprofits, local governments and "critical infrastructure," like healthcare organizations in the United States, United Kingdom, Israel, Russia and Iran. The Justice Department will continue to vigorously enforce our economic sanctions and export controls against those who enable the Russian government to continue its unjust war in Ukraine. The U.S. Securities and Exchange Commission (SEC) is taking concurrent enforcement action. United States Attorneys Office As part of its due diligence process, the financial institution asked Watson and Rao to arrange a meeting with someone from a well-known online video service that Watson and his co-conspirators claimed had paid Ozy nearly $6 million in licensing revenue for The Carlos Watson Show. This was another misrepresentation Ozy was never paid by this online video service for Ozy content. A federal district court judge will determine any sentence after considering the U.S. Charges in Connection with Task Force KleptoCaptures Mission to Hold Accountable Corrupt Russian Oligarchs and Enforce Robust Export Restrictions. When members of the financial institution later spoke with Watson, he falsely claimed that Rao had acted alone and as a result of a mental breakdown. Share sensitive information only on official, secure websites. Konoshchenok discussed fabricating business records with Livshits to conceal the ammunition shipments, on one occasion describing them as auto parts. Incident to Konoshchenoks arrest, Estonian authorities searched a warehouse held in the name of Konoshchenoks son and recovered approximately 375 pounds worth of ammunition. Nastco. Driving the news: The defendants are accused of "exploiting known or publicly disclosed vulnerabilities in commonly used network devices and software programs to get access to victims' computer networks," per a senior DOJ official. Have a question about Government Services? Global Business and Financial News, Stock Quotes, and Market Data and Analysis. As with Hytera, the criminal actions against Huawei, UMC and Fujian Jinhua were paralleled by civil litigation. Victor L. Hous practice focuses on litigation, including government enforcement work, white-collar criminal defense, securities litigation, corporate governance, and general commercial litigation. First Insider Trading Prosecution Based Exclusively on Use of Rule 10b5-1 Trading Plans, Securities, Commodities, & Investment Fraud, www.justice.gov/criminal-vns/case/united-states-v-terren-s-peizer. But officials said they carried out the scheme for their personal gain, and not at the behest of the Iranian government. Kohberger faces first-degree murder charges in the killings of four students Ethan Chapin, 20, Xana Kernel, 20, Kaylee Goncalves, 21, and Madison Mogen, 21. This is forging someones signature with the intent of getting an advance from a publicly traded bank. She continued, To be crystal clear, what you see as a measured risk I see as a felony.. [4] Indictment, U.S. v. United Microelectronics Corporation, et al., Cr. This is fraud. Moreover, the Hytera indictment provides another example of how civil litigation may intertwine with criminal investigations into the same underlying conduct. Based in the United States, Brayman and Yermolenko would fabricate shipping documents and invoices, repackaging and reshipping items to intermediate destinations around the worldincluding to Konoshchenok in Estoniabefore eventually arriving in Russia. On November 24, 2022, Konoshchenok was again stopped attempting to cross into Russia with approximately twenty cases containing thousands of U.S.-origin bullets, including tactical rounds and .338 military sniper rounds. For additional information and case event updates, please visit www.justice.gov/criminal-vns/case/united-states-v-terren-s-peizer. David E. Brodskys practice focuses on securities enforcement, white-collar criminal defense and internal investigations. 15220. The unsealed indictment resulted in his arrest on Friday. in connection with the Motorola lawsuit. Lev L. Dassins practice focuses on complex commercial litigation, white-collar criminal defense, regulatory enforcement matters and internal investigations. As alleged, the defendants were affiliated with Serniya Engineering and Sertal LLC, Moscow-based companies that operate under the direction of Russian intelligence services to procure advanced electronics and sophisticated testing equipment for Russias military industrial complex and research and development sector. Prosecutors said Mr. Powell sexually abused the child between December 2021 and February 2022 while the juvenile was detained at the . Our Office and the Department of Justice have made it clear that prosecuting corporations and their corrupt executives who flagrantly violate the law are top priorities.. sanctioned the Iranian Ministry of Intelligence. As alleged, the defendant violated U.S. law by procuring, smuggling, and repairing counterintelligence operation devices for the benefit of Russias secret police and the North Korean government, stated United States A three-count indictment was unsealed today in United States District Court for the Eastern District of New York charging Mohammad Ibrahim Bazzi, a Lebanese and Belgian citizen, and Talal Chahine Kashani defied export restrictions and sanctions against Iran, a country that sponsors international terrorism, stated United States Attorney Peace. Assistant United States Attorney Artie McConnell and Craig Heeren are in charge of the prosecution, along with Trial Attorney Scott A. Claffee of the National Security Divisions Counterintelligence and Export Control Section, with assistance from Litigation Analyst Ben Richmond. A third case filed in New Jersey charges four Chinese nationals, including three government intelligence officers, with conspiracy after they allegedly tried to recruit people to provide information and assistance to the Chinese government over the course of at least 10 years, including university professors and former government officials. [5] U.S. Department of Justice Press Release, Taiwan Company Pleads Guilty to Trade Secret Theft in Criminal Case Involving PRC State-Owned Company (Oct. 28, 2020), available at https://www.justice.gov/opa/pr/taiwan-company-pleads-guilty-trade-secret-theft-criminal-case-involving-prc-state-owned. Share sensitive information only on official, secure websites. Yes, we already know that there are sealed indictments, no matter how many Fox New watchers tell us to get over it. The indictment charges Hytera and the individual engineers with engaging in a conspiracy to misappropriate trade secrets in violation of the Espionage Act, 18 U.S.C. A .gov website belongs to an official government organization in the United States. Stunning New Intel! (718) 254-6323. The Department of Justice unsealed indictments Thursday against four Russian government employees in two separate cases who prosecutors allege engaged in a hacking campaign targeting energy. In May 2021, Peizer allegedly entered into his first 10b5-1 trading plan shortly after learning that the relationship between Ontrak and the customer was deteriorating and that the customer had expressed serious reservations about continuing its contract with Ontrak. Breon Peace, United States Attorney for the Eastern District of New York, and Michael J. Driscoll, Assistant Director-in-Charge, Federal Bureau of Investigation, New York Field Office (FBI), announced the arrest and indictment. DOJ officials said they believed the number of victims in the U.S. alone reached well into the hundreds, with even more likely to be identified in the future. Francisco (Paco) L. Cesteros practice focuses on multijurisdictional restructurings and financings, mergers and acquisitions, and crisis management. The company also allegedly misrepresented information to its financial partners, and sought to obstruct the DOJs investigation into Huawei by transporting witnesses back to China and allegedly destroying evidence. Sentencing Guidelines and other statutory factors. Danielle Blustein Hass "We have a group of folks who have some level of state employment, or are doing something for the state, but who are also up to something on the side to make money," said a Justice Department official who spoke to reporters on background about the case.

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