Xiang Haitao faces a most of 15 years in jail for conspiracy to commit financial espionage.
A Chinese nationwide pleaded responsible on Thursday in Missouri federal courtroom to conspiring to steal commerce secrets and techniques from agricultural firm Monsanto to profit the Chinese authorities, the United States Justice Department mentioned.
Xiang Haitao, who was employed by Monsanto and a subsidiary from 2008 to 2017, pleaded responsible to at least one depend of conspiracy to commit financial espionage and is scheduled to be sentenced on April 7, the Justice Department mentioned in an announcement. He faces a most penalty of 15 years in jail.
Federal officers discovered Xiang in possession of copies of a proprietary predictive algorithm developed by Monsanto as he was ready to board a flight to China in June 2017, in accordance with the assertion.
He was allowed to fly to China, the place he labored for the Chinese Academy of Science’s Institute of Soil Science, it mentioned. He was arrested when he returned to the US, the assertion mentioned.