Former Intel Employee Pleads Guilty to Data Theft
36-year Biswamohan Pani old has pleaded guilty of stealing chip design documents valued at several hundred million dollars from his former employer Intel.
The engineer quit his job at Intel on June 11 of 2008, but joined AMD on June 2, while he was still able to access Intel's servers. Pani downloaded "numerous" confidential documents that were originally estimated to be worth about $1 billion, but were tagged by Intel with a value of about $200 to $400 million later on. The engineer apparently intended to advance his career by bringing the documents to AMD.
The FBI, which led the investigation, said that no information has actually reached AMD as Intel quickly reported the theft. Pani was originally charged with data fraud in August of 2008.
AMD was said to have cooperated with the investigation. According to the FBI, there is no evidence that anyone at AMD knew that Pani had the information and there were no signs that anyone at AMD asked Pani for the documents. Sentencing is scheduled for August 8. Each count of fraud carries a maximum of 20 years in prison.

I have a years 9 child old who would do a better job than are they currently.
Oh jeez... its*** HAHAHAHAHA
I wonder how many years the fraudsters from the banks and other financial institutions will get.
Oh, right, nevermind. They all got promoted or played musical chairs between jobs.
This one dude gets the shaft, though, because he defrauded a corporation. Not that I applaud what he did, but when it's the other way around, nothing happens to said corporations.
Welcome to America! Would you like the capitalist schlong in your mouth now or later?
I have a years 9 child old who would do a better job than are they currently.
Irony at it's finest.
Oh jeez... its*** HAHAHAHAHA
There are these things called non-disclosure agreements and proprietary information, both of which apply at all times regardless of your employer.
Even if you were a government employee, it doesn't mean you can just download and share classified/secret/top secret materials with other people, especially those outside of the government.
Care to give even one specific example? Or are they just so "numerous" that it is impossible to pick one? My suspicion is that any specific example you can give can be easily shown to be nothing like your general argument makes it out to be. Keep in mind you stated that corporations and/or responsible parties in said corporations were knowingly rewarded or promoted for defrauding the public. I await eagerly for your response...
While this is true, in most cases the restrictions are unenforceable in the state of California. The state decided during the internet bust that having thousands of people who were perfectly capable, but unable to work at a viable company because they were legally tied to an unviable one might not be such a good thing. So they lowered their unemployment costs by making such employment contract clauses null-and-void. In most cases. From what I've seen, even the CxO level gets some leeway with such terms, and the burden is on the previous employer to show that not only is the transition damaging due to strategic competitive intelligence, but also that the individual could reasonably get a similar job but in a non-competing role.
I love how 3 people corrected each others' grammar and they all made mistakes.