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U.S. Accuses Huawei of Stealing Trade Secrets, Defrauding Banks

bloomberg.com

11–20 of 268 posts

Re: U.S. Accuses Huawei of Stealing Trade Secrets, Defrauding Banks

#11
post #2

Speaking 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…

Not true. USMCA was signed before the arrest. Approx USMCA was finalized on Nov 30 (negotiated in the months before that. Meng was arrested on Dec 1).

Citations: https://www.npr.org/2018/11/30/672150010/usmca-trump-signs-n...

https://www.cnn.com/2018/12/05/tech/huawei-cfo-arrested-cana...

Re: U.S. Accuses Huawei of Stealing Trade Secrets, Defrauding Banks

#12
post #3

I 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?

[deleted]

Re: U.S. Accuses Huawei of Stealing Trade Secrets, Defrauding Banks

#13
post #2

Speaking 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"?

If you read the story, the major event is the case against Huawei CFO Wanzhou Meng. She was arrested in Vancouver per a US extradition request back in December. Most of this new article is providing background on the charges against her and then talking generally about potential cyber risks of Made-in-China silicon.

Here's the Bloomberg article dated December 5th. https://www.bloomberg.com/news/articles/2018-12-05/huawei-cf...

That has since ballooned into a huge diplomatic crisis for Canada, which has had it's citizens arrested in China and subjected to sleep deprivation interrogation and who knows what else (can't find source. read somewhere). There are active calls for our national telco's to ban Huawei's tech in our 5G infrastructure. The latest round of controversy was when Telus, one of the three major cellular providers, publicly endorsed Huawei and confirmed it will be moving ahead with their hardware purchase.

So yes, for us it is old news.

Re: U.S. Accuses Huawei of Stealing Trade Secrets, Defrauding Banks

#14
post #10
post #4

These 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.

It's notable that some of the evidence against Ms. Meng consists of "an electronic device that contained a file in unallocated space -- indicating that the file may have been deleted" (page 8 of the indictment).

Did authorities seize and image her devices at JFK?

Re: U.S. Accuses Huawei of Stealing Trade Secrets, Defrauding Banks

#15
post #2

Speaking 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…

Not true. USMCA was signed before the arrest. Approx USMCA was finalized on Nov 30 (negotiated in the months before that. Meng was arrested on Dec 1). Citations: https://www.npr.org/2018/11/30/672150010/usmca-trump-signs-n... https://www.cnn.com/2018/12/05/tech/huawei-cfo-arrested-cana...

Can't argue with that. Thanks for correcting my fuzzy memory! In the same vein, this still removes the "we can always take our business over there" card that our PM was waving around.

Re: U.S. Accuses Huawei of Stealing Trade Secrets, Defrauding Banks

#17
post #14
post #10

Earlier quoted context omitted.

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.

It's notable that some of the evidence against Ms. Meng consists of "an electronic device that contained a file in unallocated space -- indicating that the file may have been deleted" (page 8 of the indictment). Did authorities seize and image her devices at JFK?

I noticed that as well. I am super curious about how they obtained that information. I assume it will come out at trial, if it gets that far.

Re: U.S. Accuses Huawei of Stealing Trade Secrets, Defrauding Banks

#18
post #13

Earlier quoted context omitted.

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"?

If you read the story, the major event is the case against Huawei CFO Wanzhou Meng. She was arrested in Vancouver per a US extradition request back in December. Most of this new article is providing background on the charges against her and then talking generally about potential cyber risks of Made-in-China silicon. Here's the Bloomberg article dated December 5th. https://www.bloomberg.com/news/articles/2018-12-05/hu…

As I said, this is the first release of the details of the charges.

I'm already familiar with the history of the case, I've been following it closely.

Re: U.S. Accuses Huawei of Stealing Trade Secrets, Defrauding Banks

#20
post #4

These 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…

> 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.

The indictment spans more than a decade; this definitely predates the current administration.

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