Chinese businessman accused of stealing GE trade secrets

Chinese businessman accused of stealing GE trade secrets

Former Trump national deputy security Councilor KT McFarland joins ‘The Evening Edit’

The FBI foiled a Chinese businessman’s ploy to steal General Electric’s technology for his own startup.

Chi Lung Winsman Ng, aka Winsman Ng, 64, was indicted this week for conspiring to steal trade secrets, the Justice Department said on Friday.

Ng would have worked with at least one other person, who was a GE engineer for more more than seven years, to take sole ownership of GE information concerning MOSFETs, a common component of computers and other electronic devices, according to the indictment.

The two men used the stolen trade secrets to develop a business plan and PowerPoint presentations for potential investors, officials said. They told investors that their business …

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