Showing posts with label taking. Show all posts
Showing posts with label taking. Show all posts

Sunday, May 13, 2012

Man accused of taking trade secrets pleads guilty

SALT LAKE CITY (AP) -- A scientist accused of stealing trade secrets from a Utah chemistry company has pleaded guilty to a federal charge.

Prabhu Mohapatra pleaded guilty Friday in U.S. District Court to one count of unlawful access to a protected computer.

The Deseret News reports (http://bit.ly/JOw00o ) prosecutors agreed to drop 25 other charges against him in exchange for the plea.

The 42-year-old Mohapatra had worked for North Logan-based Frontier Scientific Inc. from 2009 to 2011. He admitted to accessing a company notebook and emailing the recipe for meso-Tetraphenylporphine, or TPP, to his brother-in-law's company in India.

Frontier officials say no other company in the world produces the chemical in such large quantities.

Mohapata faces up to five years in prison when he's sentenced Aug. 28.

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Information from: Deseret News, http://www.deseretnews.com


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Saturday, April 21, 2012

Fed taking on a lot of risk with bond buys: Bullard

The Best Growth Companies Remain in the U.S.Breakout

"Growth represents the best place to be in terms of equities," says Paul Simon of Tactical Allocation Group. "Some …


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