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Keyword: softwaretheft

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  • Chinese immigrant spared prison for Chicago Merc trade secrets theft

    03/09/2015 5:41:50 PM PDT · by george76 · 9 replies
    Chicago Sun Times ^ | 03/03/2015 | Kim Janssen
    A Chinese immigrant who stole trade secrets from the Chicago Merc worth an estimated $50 million was spared prison Tuesday by a federal judge who cited his otherwise “exemplary life.” Chunlai Yang, 50, of Libertyville, was instead sentenced to just four years probation for stealing software that underpinned the CME Group’s Globex trading platform. Yang, who worked as a high-ranking programmer for the Merc from 2000 until his arrest in 2011, pleaded guilty in 2012 to the theft, admitting he was trying to create a similar product in China when he illegally downloaded more than 10,000 computer source code files....
  • Pirates of the Web

    07/17/2002 10:22:13 AM PDT · by rdb3 · 53 replies · 531+ views
    The New York Times (Registration Required) ^ | July 11, 2K2 | JENNIFER LEE
    July 11, 2002 Pirates of the WebBy JENNIFER 8. LEE AST week, at age 29, John Sankus Jr. moved out of his parents' house for the first time. He and his parents drove 150 miles from their home in suburban Philadelphia to his new one: a federal penitentiary in Allenwood, Pa. Mr. Sankus, who entered the minimum-security prison on July 2 to serve a 46-month sentence, is a soft-spoken, churchgoing computer technician who still has the plush stuffed whales from his childhood. But United States Customs Service investigators and prosecutors say he was also a ringleader of an international...