U.S. accuses China of instigating plot against DuPont - News and Current Events | futures io social day trading
futures io futures trading


U.S. accuses China of instigating plot against DuPont
Updated: Views / Replies:275 / 0
Created: by kbit Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

U.S. accuses China of instigating plot against DuPont

  #1 (permalink)
Elite Member
Aurora, Il USA
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
 
kbit's Avatar
 
Posts: 5,872 since Nov 2010
Thanks: 3,301 given, 3,332 received

U.S. accuses China of instigating plot against DuPont

(Reuters) - Chinese government representatives directed a U.S. businessman to obtain valuable technology manufactured by chemical giant DuPont and U.S. authorities were seeking on Wednesday to keep him in jail ahead of his trial on charges relating to trade secret theft, prosecutors said in newly released court documents.

Walter Liew, a U.S. citizen, and his wife, Christina Liew, each were indicted last year by a Northern California grand jury on three counts, including witness tampering, making a false statement and conspiracy to tamper with witnesses and evidence, according to court documents.

A hearing on bail is scheduled for Walter Liew on Wednesday in U.S. federal court in San Francisco as prosecutors try to keep him behind bars.

According to court documents, Walter Liew paid at least two former DuPont engineers for assistance in designing chloride-route titanium dioxide, also known as TiO2. DuPont is the world's largest producer of the white pigment used to make a range of white-tinted products, including paper, paint and plastics.

Both Liew, 54, and his wife have pleaded not guilty. Liew was held without bail, while his wife was released, court documents show.

DuPont also filed a civil lawsuit against Liew for misappropriating trade secrets.
Liew denies obtaining or possessing "any confidential, proprietary trade secret materials" from DuPont regarding TiO2, according to court documents.

Last month, Liew's attorneys requested that a U.S. magistrate judge reconsider the decision to deny Liew bail. In the court filing on Tuesday, prosecutors argued for Liew's continued incarceration by listing his connections with Chinese officials.

Liew was hosted at a banquet in 1991 by Luo Gan, who at the time was a high-ranking official of the Communist Party of China Central Committee, according to correspondence from Liew that U.S. federal officials say they seized from his safety deposit box. Luo Gan went on to become a member of the nine-member Standing Committee of the Politburo, prosecutors wrote in the filing.

Several other Chinese officials also attended, according to the documents.

"The purpose of the banquet is to thank me for being a patriotic overseas Chinese who has made contributions to China," Liew wrote in a memo to a Chinese company, according to U.S. prosecutors, "and who has provided key technologies with national defense applications, in paint/coating and microwave communications."

Luo Gan gave Liew directives at the meeting, and two days later Liew received a list of "key task projects," including TiO2, prosecutors stated.

"DuPont's state-of-the-art technology is not available publicly and PRC (People's Republic of China) companies have not been able to master it on their own," prosecutors wrote. "Liew, however, obtained that technology from former DuPont employees and sold it to companies controlled by the PRC government."

In his court filing seeking bail, Liew denies he was invited to a banquet with some Chinese officials, but Luo Gan is not discussed. In seeking bail, Liew's attorneys note that was born in Malaysia and has lived in the United States for 32 years.

The Chinese embassy in Washington did not immediately respond to an e-mail seeking comment early on Wednesday.


Exclusive: U.S. accuses China of instigating plot against DuPont | Reuters

Reply With Quote

Reply



futures io > > > > U.S. accuses China of instigating plot against DuPont

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
DuPont Earnings Beat Forecasts; Keeps Outlook Quick Summary News and Current Events 0 January 24th, 2012 08:30 AM
BP Accuses Halliburton of Destroying Evidence kbit News and Current Events 0 December 8th, 2011 08:37 PM
Dupont to Buy Denmark's Danisco for $5.8 Billion Quick Summary News and Current Events 0 January 10th, 2011 03:10 AM
Germany Accuses US of Indirectly Manipulating Dollar Quick Summary News and Current Events 0 October 23rd, 2010 08:20 PM
DuPont Profit Nearly Triples on Strong Sales Quick Summary News and Current Events 0 July 27th, 2010 08:30 AM


All times are GMT -4. The time now is 10:17 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-10 in 0.07 seconds with 19 queries on phoenix via your IP 54.221.73.186