Former Intel Employee charges with a 1 Billion USD theft

Ex-Intel employee Biswamohan Pani pleaded guilty to wire fraud and theft charges after it was alleged he stole $1 billion worth of trade secrets from Intel, according Reuters reports.

Pani worked at a Hudson, Mass. Intel facility several years ago before leaving for a job at Advanced Micro Devices (AMD), Intel main rival. There were several days of overlap between both jobs, where Pani had access to Intel data while working for AMD.

Pani pled guilty to the charges in court on Friday. He could face up to 20 years in prison per fraud count when he is sentenced August,8.