🕵FCPA Blog TODAY
China company convicted of stealing U.S. wind turbine technology.
China’s biggest wind turbine maker was convicted Wednesday by a federal jury of nearly destroying an American company by stealing its trade secrets.
Sinovel Wind Group Co. Ltd. was found guilty after an 11-day trial in Madison, Wisconsin of conspiracy to commit trade secret theft, theft of trade secrets, and wire fraud.
Sentencing is set for June 4. In addition to criminal fines, Sinovel could face restution claims from Massachusetts-based AMSC.
The FCPA Blog