Friday, December 09, 2005

Former Software Chief Admits Stealing Trade Secrets

Alorie Gilbert writes in C|Net News:

A former software executive's guilty plea to charges of breaking into a rival's computers and stealing trade secrets may give business security experts pause.

John O'Neil, former CEO of Business Engine Software, pled guilty in a San Francisco federal court on Wednesday to conspiracy to download and steal the trade secrets of software competitor Niku over a 10-month period.

O'Neil, 43, is the third former executive of the San Francisco company to admit guilt in a case that the FBI's computer intrusion squad helped to investigate. He faces a maximum sentence of 10 years in jail and a $250,000 fine. Sentencing is scheduling for next spring.


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