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Chinese scientist pleads guilty over theft of Monsanto secrets
The former Monsanto employee is accused of stealing American agriculture technology while resident in the US to benefit the government in Beijing
© AFP / Greg Baker
A Chinese national has pleaded guilty to conspiracy to commit economic espionage after he was accused of attempting to steal trade secrets from American agrochemical company Monsanto while residing in the US.
Xiang Haitao, 44, “conspired to steal a trade secret” from the company “for the purpose of benefiting a foreign government, namely the People’s Republic of China,” the US Justice Department claimed in a statement on Thursday.
Xiang allegedly attempted to steal the trade secret while working as a scientist for Monsanto in the state of Missouri, where the company is headquartered. After Xiang left his job, he allegedly purchased a one-way flight ticket to China and authorities found a copy of Monsanto’s ‘Nutrient Optimizer’ algorithm – which the company considers to be a trade secret – on one of his electronic devices.
The accused pleaded guilty to the charge this week and faces up to 15 years in prison and a $5 million fine. He is set to be sentenced on April 7.
“We cannot allow US citizens or foreign nationals to hand sensitive business information over to competitors in other countries,” said US Attorney Sayler Fleming, calling such crimes “a danger to the US economy” and “our national security.”
FBI Counterintelligence Division Assistant Director Alan E. Kohler Jr. identified “the American worker” as the chief victim “when adversaries, like the government of China, steal technology to grow their economies.”
“It’s not just military technology developed in secret labs that adversaries want; in this case, it was agricultural technology used by American farmers to improve crop yields,” he warned.
The guilty plea is the latest victory in the US Justice Department’s war on alleged Chinese interference.
Last month, the former head of Harvard University’s chemistry department was found guilty on several charges over his ties to China and the Wuhan Institute of Technology.
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Ousted Myanmar leader Aung San Suu Kyi sentenced to
4 more years in prison
Supporters say charges against her contrived to legitimize military's seizure of power
The Associated Press ·
Posted: Jan 10, 2022 2:31 AM ET
A court in Myanmar sentenced ousted leader Aung San Suu Kyi to four more years in prison on Monday after finding her guilty of illegally importing and possessing walkie-talkies and violating coronavirus restrictions, a legal official said.
Suu Kyi was convicted last month on two other charges and given a four-year prison sentence, which was then halved by the head of the military-installed government.
The cases are among about a dozen brought against the 76-year-old Nobel Peace Prize laureate since the army seized power last February, ousting her elected government and arresting top members of her National League for Democracy party.
If found guilty of all the charges, she could be sentenced to more than 100 years in prison.
Suu Kyi's supporters and independent analysts say the charges against her are contrived to legitimize the military's seizure of power and prevent her from returning to politics.
Monday's verdict in the court in the capital of Naypyitaw was conveyed by a legal official who insisted on anonymity for fear of being punished by the authorities, who have restricted the release of information about Suu Kyi's trials.
He said she was sentenced to two years in prison under the Export-Import Law for importing the walkie-talkies and one year under the Telecommunications Law for possessing them. The sentences are to be served concurrently. She also received a two-year sentence under the Natural Disaster Management Law for allegedly violating coronavirus rules while campaigning.
Why is it against the law to possess walkie-talkies in Myanmar. Do they scare the army? And two years for breaking Covid rules? Sreiously? Good thing that doesn't apply to 10 Downing St.
Suu Kyi was convicted last month on two other charges: incitement and breaching COVID-19 restrictions.
Protesters marched against that verdict on Dec. 6, 2021 in Yangon. (Reuters) (Disappointing numbers)
Suu Kyi was convicted last month on two other charges — incitement and breaching COVID-19 restrictions — and sentenced to four years' imprisonment. Hours after that sentence was issued, the head of the military-installed government, Senior Gen. Min Aung Hlaing, reduced it by half.
Suu Kyi's party won a landslide victory in a 2020 general election, but the military claimed there was widespread electoral fraud, an assertion that independent poll watchers doubt.
Since her first guilty verdict, Suu Kyi has been attending court hearings in prison clothes — a white top and a brown longyi skirt provided by the authorities. She is being held by the military at an unknown location, where state television reported last month she would serve her sentence.
Denied visitors
The hearings are closed to the media and spectators, and the prosecutors do not comment. Her lawyers, who had been a source of information on the proceedings, were served with gag orders in October.
The military-installed government has not allowed any outside party to meet with Suu Kyi since it seized power, despite international pressure for talks including her that could ease the country's violent political crisis.
It would not allow a special envoy from the Association of Southeast Asian Nations, of which Myanmar is a member, to meet her. The refusal received a rare rebuke from fellow members, who barred Min Aung Hlaing from attending its annual summit meeting.
Even Cambodian Prime Minister Hun Sen, who took over as the regional group's chair for this year and advocates engagement with the ruling generals, failed to meet her last week when he became the first head of government to visit Myanmar since the army's takeover.
The military's seizure of power was quickly met by nonviolent nationwide demonstrations, which security forces quashed with deadly force, killing more than 1,400 civilians, according to a detailed list compiled by the Assistance Association for Political Prisoners.
Civil war feared
Peaceful protests have continued, but amid the severe crackdown, an armed resistance has also grown, to the point that UN experts have warned the country could be sliding into civil war.
"Throwing a plethora of criminal charges at Aung San Suu Kyi … reeks more of desperation than confidence," said Mark Farmaner, director of Burma Campaign UK, a democracy promotion group.
He said in an email interview after her first convictions that the military "massively miscalculated" in thinking that it could prevent protests by arresting Suu Kyi, her fellow party members and veteran independent political activists.
"A new mass movement was born which doesn't depend on a single leader. There are hundreds of small groups organizing and resisting in different ways, from peaceful protest, boycotts and armed resistance," Farmaner said.
"Even with more than 7,000 people arrested since the coup, three times the average number detained under the previous military dictatorship, the military have been unable to suppress dissent."
Suu Kyi was charged right after the military's takeover with having improperly imported the walkie-talkies, which served as the initial justification for her continued detention. A second charge of illegally possessing the radios was filed the following month.
The radios were seized from the entrance gate of her residence and the barracks of her bodyguards during a search on Feb. 1, the day she was arrested.
Suu Kyi's lawyers argued that the radios were not in her personal possession and were legitimately used to help provide for her security, but the court declined to dismiss the charges.
She was charged with two counts of violating coronavirus restrictions during campaigning for the 2020 election. She was found guilty on the first count last month.
She is also being tried by the same court on five counts of corruption. The maximum penalty for each count is 15 years in prison and a fine. A sixth corruption charge against her and ousted President Win Myint in connection with granting permits to rent and buy a helicopter has not yet gone to trial.
In separate proceedings, she is accused of violating the Official Secrets Act, which carries a maximum sentence of 14 years.
Additional charges were also added by Myanmar's election commission against Suu Kyi and 15 other politicians in November for alleged fraud in the 2020 election. The charges by the military-appointed Union Election Commission could result in Suu Kyi's party being dissolved and unable to participate in a new election the military has promised will take place within two years of its takeover.
Top US central banker resigns amid trading scandal
Fed vice chair departing after media reports insinuated insider trading
just before the Covid-19 pandemic was declared
January 10, 2022. © Courtney Crow/New York Stock Exchange via AP
Federal Reserve Board vice chair Richard Clarida has announced he will step down two weeks before his term is set to expire. His recently amended 2020 financial disclosures raised speculation about potential insider trading.
Nominated by President Donald Trump and confirmed in September 2018, Clarida was the top aide to Fed Chairman Jerome Powell. His resignation will be effective January 14, the Fed announced on Monday.
Clarida’s resignation comes shortly after media reports questioning his stock trades in February 2020, just before market upheavals due to the spread of the novel coronavirus. Clarida submitted revised financial disclosures last month, with the Fed saying his initial report contained “inadvertent errors.”
'Inadvertent'! The top aide to Fed Chairman can't fill out financial disclosure forms correctly?
According to the disclosures, Clarida had sold shares in three stock funds on February 24 - mere days before Powell announced the central bank would help to salvage the pandemic-hit economy - only to buy one of them back three days later. He initially said this was part of “preplanned portfolio rebalancing.”
Is that what they call it these days?
According to the Wall Street Journal, a Fed ethics officer said Clarida was “in compliance with applicable laws and regulations governing conflicts of interest.”
Clarida’s term was due to expire at the end of January. President Joe Biden has already nominated Lael Brainard to serve as his replacement, and her Senate confirmation hearing is scheduled for Thursday.
This is a third major resignation at the Fed involving questions about potential insider trading. Last September, presidents of two Federal Reserve banks announced their early retirements. Eric Rosengren of the Boston Fed quoted health issues, while Robert Kaplan of Dallas said he wanted to eliminate the “distraction” questions about his stock trades had become.
Both have faced questions over their investments, which were technically legal under the existing Fed rules but drew outrage from House and Senate Democrats.
Technically legal - morally reprehensible!
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