Saturday, February 6, 2010

Corporate Espionage, Ex-Bristol worker arrested carrying company secrets as well as business plan

Corporate Espionage
FBI agents arrested a Bristol-Myers Squibb employee who they said had downloaded to an e-mail account "substantially all" the confidential procedures used at the company's Syracuse facility.

Syracuse, NY -- Until Tuesday, Shalin Jhaveri, who has a Ph.D., was in the management training program at Bristol-Myers Squibb Co. in Syracuse, a position that gave him access to some of the company's more valuable secret processes.

On Tuesday night, the 29-year-old Syracuse resident was arrested and faces up 10 years in jail for stealing company secrets in preparation for starting a competing company in his native India, according to court documents.

A criminal complaint filed in U.S. District Court in Syracuse Wednesday shows:

Jhaveri’s had registered an Internet domain for the company he planned to start with his father. He had chosen a name, Cherish Bio Sciences, and was talking with an individual whom he thought was going to invest with him.

What Jhaveri didn’t know is that Bristol had been watching him closely since December 22. Computer security specialists within the company had been using forensic software to track his use of a company laptop, including individual key strokes.


Corporate Espionage
is Increasing Dramatically Are You at Risk? Contact Us. We can help. ~JDL

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