Libertyville software engineer accused of stealing trade secrets

A 49-year-old Libertyville man who was employed as a senior software engineer with the Chicago-based CME Group has been charged with stealing trade secrets, officials said.

Chunlai Yang was arrested Friday morning by FBI agents at the CME office located at 550 W. Washington St. and was charged with one count of theft of trade secrets, according to a complaint filed in the U.S. District Court of Chicago.

Yang had been employed with CME since 2000 and was responsible for writing computer code, officials said.

The company started monitoring his computer activity in May of this year and discovered thousands of files had been copied to a removable storage device. Many of the files were critical to the operation of CME and contained protected source code, officials said.

An investigation by the FBI revealed Yang had been in contact via email with the director of the Logistics and Trade Bureau for the Zhangjiagang Free Trade Zone, according to the complaint. One email contained a CME document with protected source code and proprietary information.

1 posted on 07/03/2011 11:33:14 AM PDT by Thebaddog

Libertyville Chinese software engineer accused of stealing trade secrets and giving them to the Chinese Government

There ya go! A headline that contains the news, rather than a headline that does not.

2 posted on 07/03/2011 11:43:19 AM PDT by Christian Engineer Mass (25ish Cambridge MA grad student. Many conservative Christians my age out there? __ Click my name)

Only had to read the headline to know the suspect’s name was something like Wingwang Wong. The Chinese are just desparate for tech info.

3 posted on 07/03/2011 1:40:38 PM PDT by flowerplough (Bammy: It frustrates me when people talk about government jobs as if somehow those are worth less.)

I was born & raised in Libertyville. There were no citizens with names sounding like “dropped silverware” when I was there.

4 posted on 07/03/2011 2:46:30 PM PDT by ne1410s (Psalm 109:8 May his days be few; may another take his place of leadership.)

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