BREAKING: China’s Huawei Charged With Racketeering, Conspiracy to Steal Trade Secrets

Chinese telecommunications giant Huawei was charged with conspiracy to violate the Racketeer Influenced and Corrupt Organizations Act (RICO) in a superseding indictment in Brooklyn, New York, on Tuesday

“The 16-count superseding indictment also adds a charge of conspiracy to steal trade secrets stemming from the China-based company’s alleged long-running practice of using fraud and deception to misappropriate sophisticated technology from U.S. counterparts,” the Department of Justice said in a statement. “As revealed by the government’s independent investigation and review of court filings, the new charges in this case relate to the alleged decades-long efforts by Huawei, and several of its subsidiaries, both in the U.S. and in the People’s Republic of China, to misappropriate intellectual property, including from six U.S. technology companies, in an effort to grow and operate Huawei’s business.”