The charges he was convicted of:
(1) Economic Espionage.
(2) Theft of Trade Secrets.
(3) Conspiracy to conduct Economic Espionage.
(4) Conspiracy to steal Trade Secrets.
Most interesting was the fact that the defendant formed a Cayman Islands company, NOVANA, to handle the anticipated profits of the criminal espionage operation. Compare and contrast this with our recent article detailing how a legitimate Asian company was reincorporating itself in Switzerland, due to the problems it encountered with the world's banks when they noticed that the Cayman Islands was the domicile of the company, and declined to conduct any trading.
Sentencing has been set for August 31, 2020. A long prison sentence as well as a signfiicant fine is authorized by Federal law for these violations.