13 January 2012 18:28 [Source: ICIS news]
WASHINGTON (ICIS)--A former Dow Chemical research scientist has been sentenced to five years in federal prison for stealing Dow trade secrets and selling them to ?xml:namespace>
In addition, the department said 75-year-old Wen Chyu Liu, also known as David W Liou, will forfeit $600,000 (€468,000) and pay a $25,000 fine.
After serving the five-year sentence – there is no parole in federal criminal sentencing – Liou will be subject to two years of supervised release.
Liou, a resident of
He was convicted on one count of theft of trade secrets and on a separate count of perjury. The perjury charge stemmed from false statements Liou made during a lawsuit deposition about his dealings with
According to evidence presented at trial, Liou came to the
While at Dow, the department said, Liou was a research scientist at the company’s
According to the department, evidence at trial established that Liou conspired with at least four current and former employees of Dow’s facilities in Plaquemine and
Liou also bribed current and former Dow employees for CPE-related information, the DOJ said, and travelled extensively in
The department has not immediately responded to questions about whether the former or current Dow employees with whom Liou conspired or bribed have been or will be charged.
($1 = €0.78)
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