Federal prosecutors in Massachusetts have charged 33-year-old Biswamohan Pani with stealing more than $1 billion in trade secrets from chipmaker Intel. And while we imagine the circumstances could be more convoluted, the reality is complicated enough.
According to the indictment, earlier this year Pani was working for Intel and gave notice that he planned to leave his job, eating through accumulated vacation time while seeking a job at a hedge fund. Instead, Pani had taken a job at rival chipmaker AMD and used his vacation time on-site at Intel downloading documents, including (according to the Boston Business Journal) items Intel classified as “confidential” or “top secret.”
