Related Research Articles
Intel Corporation is an American multinational corporation and technology company headquartered in Santa Clara, California. It is one of the world's largest semiconductor chip manufacturer by revenue, and is one of the developers of the x86 series of instruction sets found in most personal computers (PCs). Incorporated in Delaware, Intel ranked No. 45 in the 2020 Fortune 500 list of the largest United States corporations by total revenue for nearly a decade, from 2007 to 2016 fiscal years.
Halliburton Company is an American multinational corporation responsible for most of the world's hydraulic fracturing operations. In 2009, it was the world's second largest oil field service company. It employs approximately 55,000 people through its hundreds of subsidiaries, affiliates, branches, brands, and divisions in more than 70 countries. The company, though incorporated in the United States, has dual headquarters located in Houston and in Dubai.
Maher Mofeid "Mike" Hawash is an American engineer who was convicted and sentenced to a seven-year prison sentence in 2003 for conspiring to aid the Taliban in fighting against U.S. forces and their allies in Afghanistan. Six weeks after 9/11, Hawash secretly traveled to China with a group of Portland-area Muslims, dubbed the Portland Seven, with the intent of entering Afghanistan to aid the Taliban. Hawash and his fellow conspirators were unable to reach Afghanistan due to visa problems, according to federal authorities,
James Galante is an American convicted felon and associate of the Genovese crime family, owner of the defunct Danbury Trashers minor-league hockey team and a defunct racecar team fielding cars for Ted Christopher, and ex-CEO of Automated Waste Disposal (AWD), a company that holds waste disposal contracts for most of western Connecticut and Westchester and Putnam counties in New York.
In 2007, Pennsylvania Attorney General Republican Tom Corbett began investigating $3.8 million in public bonuses which were paid to state legislative staffers in the Pennsylvania General Assembly to work on party politics and campaigns. While the bonuses themselves are not illegal, state law forbids state employees from performing campaign work while on the job and forbids payment for campaign work out of taxpayer funds.
AMD v. Intel was a private antitrust lawsuit, filed in the United States by Advanced Micro Devices ("AMD") against Intel Corporation in June 2005.
Thomas Joseph Petters is a former American businessman and chairman and CEO of Petters Group Worldwide, a company which stole over $2 billion in a Ponzi scheme. He was convicted of massive business fraud in 2009 and is now imprisoned at the United States Penitentiary, Leavenworth. Amid mounting criminal investigations, Petters resigned as his company's CEO on September 29, 2008. He was convicted of numerous federal crimes for operating Petters Group Worldwide as a $3.65 billion Ponzi scheme and received a 50-year federal sentence.
Accounting scandals are business scandals which arise from intentional manipulation of financial statements with the disclosure of financial misdeeds by trusted executives of corporations or governments. Such misdeeds typically involve complex methods for misusing or misdirecting funds, overstating revenues, understating expenses, overstating the value of corporate assets, or underreporting the existence of liabilities. It involves an employee, account, or corporation itself and is misleading to investors and shareholders.
Guillermo "Bill" Gaede is an Argentine engineer and programmer who is best known for Cold War industrial spying conducted while he worked at Advanced Micro Devices (AMD) and Intel Corporation (Intel). While at AMD, he provided the Cuban government with technical information from the semiconductor industry which the Cubans passed on to the Soviet bloc, primarily to the Soviet Union and East Germany. In 1992, Gaede turned himself over to the Central Intelligence Agency (CIA), which placed him in contact with the Federal Bureau of Investigation (FBI). The FBI began working with Gaede in a counter-espionage operation intended to penetrate Cuban intelligence using his contacts on the island. During this time Gaede obtained work at Intel Corp. in Chandler, Arizona. Intel Security discovered the nature of his activities at AMD and terminated him, but not before Gaede filmed Intel's state-of-the-art Pentium process from home.
DuPont v. Kolon Industries is an intellectual property lawsuit centering on the allegation that Kolon Industries, a South Korea-based company, stole trade secrets concerning the production and marketing of Kevlar from DuPont, an American chemical company. Kevlar is a high strength synthetic fiber used in applications as diverse as bicycle tires and body armor. On September 14, 2011, a jury found in favour of DuPont and awarded damages of $919.9 million. A 2015 settlement reduced the damages to $275 million.
SAC Capital Advisors was a group of hedge funds founded by Steven A. Cohen in 1992. The firm employed approximately 800 people in 2010 across its offices located in Stamford, Connecticut and New York City, and various offices. It reportedly lost many of its traders in the wake of various investigations by the Securities and Exchange Commission (SEC). In 2010, the SEC opened an insider trading investigation of SAC and in 2013 several former employees were indicted by the U.S. Department of Justice. In November 2013, the firm itself pleaded guilty to insider trading charges and paid $1.2 billion in penalties. The firm shrank after returning the vast majority of its outside investor capital. Point72 Asset Management was established as a separate family office in 2014. SAC ceased to exist as a separate entity in 2016.
Brian Kim is an American former hedge fund manager. He founded the now-defunct Liquid Capital Management LLC, which focused on futures trading.
Eastman Kodak v Harold Worden is a case of industrial espionage involving the sale of information by Harold Worden, a former Kodak manager, to Kodak's competitors in 1995. Worden was caught selling details on the 401 process, a process designed to increase the speed and quality of film during development, during a sting operation conducted by Kodak after two of their competitors, Konica and Agfa-Gevaert, told Kodak that he had approached them selling trade secrets. After the sting operation, Worden was sentenced to 15 months in prison and a fine of $30,000 for interstate transportation of stolen property.
Xbox Underground was an international hacker group responsible for gaining unauthorized access to the computer network of Microsoft and its development partners, including Activision, Epic Games, and Valve, in order to obtain sensitive information relating to Xbox One and Xbox Live.
Anthony Levandowski is a French-American self-driving car engineer. In 2009, Levandowski co-founded Google's self-driving car program, now known as Waymo, and was a technical lead until 2016. In 2016, he co-founded and sold Otto, an autonomous trucking company, to Uber Technologies. In 2018, he co-founded the autonomous trucking company Pronto; the first self-driving technology company to complete a cross-country drive in an autonomous vehicle in October 2018. At the 2019 AV Summit hosted by The Information, Levandowski remarked that a fundamental breakthrough in artificial intelligence is needed to move autonomous vehicle technology forward.
Joseph F. “Chip” Skowron III is an American former hedge fund co-portfolio manager of FrontPoint Partners LLC's health care funds. He was convicted of insider trading, for which he served five years in prison. He was also required to repay his hedge fund employer $32 million it had paid him in compensation, because he had been a “faithless servant.”
Fujian Jinhua Integrated Circuit Co. Ltd., or JHICC, is a Chinese state-owned DRAM manufacturer based in Fujian, China. It is part of the Made in China 2025 program, a component of China's strategy to gain self-sufficiency in the semiconductor industry, and had claimed to be a national leader in China's technology industry.
Mismarking in securities valuation takes place when the value that is assigned to securities does not reflect what the securities are actually worth, due to intentional fraudulent mispricing. Mismarking misleads investors and fund executives about how much the securities in a securities portfolio managed by a trader are worth, and thus misrepresents performance. When a trader engages in mismarking, it allows him to obtain a higher bonus from the financial firm for which he works, where his bonus is calculated by the performance of the securities portfolio that he is managing.
The Bitfinex cryptocurrency exchange was hacked in August 2016. 119,756 bitcoin, worth about US$72 million at the time, were stolen.
References
- 1 2 Anastasia Tubanos, Intel Employee Charged with Theft Archived December 10, 2008, at the Wayback Machine , theWHIR.com, November 7, 2008.
- ↑ Jason Ryan, Man Charged in $1B Intel Trade Secrets Case, ABC News, November 6, 2008.
- ↑ Michael Orey, Lessons from Intel's Trade-Secret Case Archived May 2, 2009, at the Wayback Machine , BusinessWeek, November 18, 2008. Consulted on April 19, 2009.
- ↑ Former Intel Employee Pleads Guilty to Stealing Computer Chip Manufacturing Worth Millions and Design Documents Archived April 14, 2012, at the Wayback Machine , The United States Attorney's Office District of Massachusetts, April 6, 2012.
- ↑ Ex-Intel Employee Jailed for Stealing Company Secrets, Tom's Hardware, 9 August 2012.
