U.S. Accuses Huawei of Stealing Trade Secrets, Defrauding Banks
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Re: U.S. Accuses Huawei of Stealing Trade Secrets, Defrauding Banks
#2Speaking as a Canadian, this is already old news for us. There have been lively debates over on /r/canada, which went very one-sided (understandably) after China arrested two Canadians as leverage. [1]
As someone who likes to follow geopolitics, I can't help but wonder if the timing of this extradition request was strategic. When Meng was arrested, Canada was in the middle of NAFTA/USMCA re-negotiations and our Prime Minister was publicly musing about diversifying our trade partnerships, specifically focused on engaging with China. The automatic arrest of one of China's "royals" per our extradition treaty with the US was an extremely effective way of erasing our only major leverage on that negotiation.
IIRC the charge of bank fraud for business dealings in Iran was largely unrelated to Huawei's (sketchy) telco business. Kind of like how they got Al Capone on tax evasion.
[1] https://www.nytimes.com/2018/12/12/world/asia/michael-spavor...
Re: U.S. Accuses Huawei of Stealing Trade Secrets, Defrauding Banks
#3I have to be honest — the allegations made here do not surprise me. The days of corporate espionage seem alive and well, and China’s image in the United States is taking a significant hit.
It isn’t fair to the honest, hard-working Chinese nationals who want to build a life outside their homeland.
Re: U.S. Accuses Huawei of Stealing Trade Secrets, Defrauding Banks
#4These look like serious charges:
Defrauding four large banks into clearing transactions with Iran in violation of international sanctions.
Conspiracy to obstruct justice by moving employees out of the United States so they could not be called as witnesses before a grand jury in Brooklyn.
Conspiracy to defraud the United States by impairing, impeding, obstructing and defeating, through deceitful and dishonest means, the lawful governmental functions of an agency of the United States.
Money laundering conspiracy.
Conspiracy to steal trade secrets about robotics from a competitor, T-Mobile.
Source: https://www.nytimes.com/2019/01/28/us/politics/meng-wanzhou-...
If the charges are true, I hope Ms. Meng is extradited and prosecuted, and the company barred from operating in the US.
But if this is just a bargaining chip to be exchanged for a few worthless face-saving trade deal "wins" for this administration, it will be disgrace.
Re: U.S. Accuses Huawei of Stealing Trade Secrets, Defrauding Banks
#5I have to be honest — the allegations made here do not surprise me. The days of corporate espionage seem alive and well, and China’s image in the United States is taking a significant hit. It isn’t fair to the honest, hard-working Chinese nationals who want to build a life outside their homeland.
But is it fair to the Americans who lost jobs, manufacturing, future, because of the 20 years of "technology transfer" by China?
Re: U.S. Accuses Huawei of Stealing Trade Secrets, Defrauding Banks
#6Speaking as a Canadian, this is already old news for us. There have been lively debates over on /r/canada, which went very one-sided (understandably) after China arrested two Canadians as leverage. [1] As someone who likes to follow geopolitics, I can't help but wonder if the timing of this extradition request was strategic. When Meng was arrested, Canada was in the middle of NAFTA/USMCA re-negotiations and our Prime…
This is the first release of the details of the US case. It's hard to see how a significant new release of information in the case could be "old news"?
Re: U.S. Accuses Huawei of Stealing Trade Secrets, Defrauding Banks
#7Speaking as a Canadian, this is already old news for us. There have been lively debates over on /r/canada, which went very one-sided (understandably) after China arrested two Canadians as leverage. [1] As someone who likes to follow geopolitics, I can't help but wonder if the timing of this extradition request was strategic. When Meng was arrested, Canada was in the middle of NAFTA/USMCA re-negotiations and our Prime…
I don't understand how a charge against a company (Huawei) can result in a extradition request of an individual (the CFO at that)...
So if Australia passes some tax law that Google doesn't comply... We can extradite Larry Page? Or Sergey?
Re: U.S. Accuses Huawei of Stealing Trade Secrets, Defrauding Banks
#8Speaking as a Canadian, this is already old news for us. There have been lively debates over on /r/canada, which went very one-sided (understandably) after China arrested two Canadians as leverage. [1] As someone who likes to follow geopolitics, I can't help but wonder if the timing of this extradition request was strategic. When Meng was arrested, Canada was in the middle of NAFTA/USMCA re-negotiations and our Prime…
Counter-thought: the pro-diversity trade position might've been an intentional diplomatic measure to pre-empt the blowback from the arrest. "We're pro-trade; it's the PRC/Chinese who goofed."
Re: U.S. Accuses Huawei of Stealing Trade Secrets, Defrauding Banks
#9Speaking as a Canadian, this is already old news for us. There have been lively debates over on /r/canada, which went very one-sided (understandably) after China arrested two Canadians as leverage. [1] As someone who likes to follow geopolitics, I can't help but wonder if the timing of this extradition request was strategic. When Meng was arrested, Canada was in the middle of NAFTA/USMCA re-negotiations and our Prime…
The whole situation is somewhat baffling. It makes sense if US considers Huawei a major future competition to US interests ( not an unreasonable assumption ) given recent arrest in Poland[0]. The main difference there though was: no royals in that case though so Huawei just fired the guy.
[0]https://www.cnn.com/2019/01/11/tech/poland-huawei-exec-arres...
Re: U.S. Accuses Huawei of Stealing Trade Secrets, Defrauding Banks
#10These look like serious charges: Defrauding four large banks into clearing transactions with Iran in violation of international sanctions. Conspiracy to obstruct justice by moving employees out of the United States so they could not be called as witnesses before a grand jury in Brooklyn. Conspiracy to defraud the United States by impairing, impeding, obstructing and defeating, through deceitful and dishonest means, t…
The actual indictment: https://assets.bwbx.io/documents/users/iqjWHBFdfxIU/rIz2tT7h... (PDF Warning)
Wire fraud is really serious. It looks like the government intends on going the full distance in this case.