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Federal Prosecutors Charge China's Huawei with Financial Fraud, Theft

 

Federal prosecutors on Monday unsealed two separate indictments against China's Huawei Technologies, its chief financial officer and several affiliates for financial fraud and theft of American intellectual property.In a 13-count indictment unsealed in federal court in Brooklyn, New York, prosecutors charged the Chinese telecom giant, its top financial officer, Wanzhou Meng, and two affiliates with violating U.S. sanctions on Iran.In the second indictment returned in Washington state, prosecutors charged Huawei and its U.S. affiliates with theft of trade secrets, wire fraud and obstruction of justice."This indictment shines a bright light on Huawei's flagrant abuse of the law — especially its efforts to steal valuable intellectual property from T-Mobile to gain unfair advantage in the global marketplace," said First Assistant U.S. Attorney Annette L. Hayes of the Western District of Washington....................

 

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