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2 clusters · 35 sources · 3 days · First seen 4 days ago · Last updated 1 day ago

Huawei criminal racketeering trial in the United States

Overview

A federal criminal trial has commenced in Brooklyn against Huawei Technologies. U.S. prosecutors allege the company engaged in a two-decade-long racketeering scheme to steal trade secrets from five American technology firms and abuse the U.S. financial system.

Specific allegations include the theft of operating system source code from Cisco Systems and the misappropriation of a robotic testing device, known as ‘Tappy’, from T-Mobile. Furthermore, the government claims Huawei used a Hong Kong-based shell company, Skycom, to conduct business in Iran in violation of U.S. sanctions, allowing the company to move funds through the global banking system. The indictment also touches upon alleged business activities in North Korea and the provision of surveillance equipment used by the Iranian government.

Huawei has pleaded not guilty to charges including bank fraud, wire fraud, and racketeering. Defense attorneys argue the case is about “competition, not conspiracy” and that any misconduct resulted from individual employees rather than a corporate conspiracy. The company maintains that the prosecution’s narrative is “demonstrably false.”

Entities

Huawei Technologies · T-Mobile · HSBC · United States · Ann M. Donnelly

Timeline

1 day ago

[BUSINESS] 5 sources
Huawei faces U.S. criminal trial over theft and sanctions allegations
A U.S. criminal trial has begun against Huawei, with prosecutors alleging two decades of trade secret theft, racketeering, and sanctions violations to gain a global telecommunications advantage.
4 days ago

[BUSINESS] 31 sources
Huawei faces criminal racketeering trial in New York
Huawei faces a criminal racketeering trial in New York, facing charges of trade secret theft, bank fraud, and violating U.S. sanctions in Iran and North Korea.

Sources

2news.com · aftabnews.ir · bangordailynews.com · bild.de · bitcoinethereumnews.com · ca.sports.yahoo.com · cafebiz.vn · cafetorah.com · cryptopolitan.com · dunya.com · elbalad.news · eldiariony.com · epochtimes.com · expansion.com · gestion.pe · independent.co.uk · influencermagazine.uk · israelnoticias.com · japantimes.co.jp · jutarnji.hr · mymotherlode.com · nwasianweekly.com · perthnow.com.au · sbctv.gr · scmp.com · singtaousa.com · sofx.com · stheadline.com · tekedia.com · telko.in · thebusinessjournal.com · theNEXTweb.com · time.news · transmedia.cl · wtop.com