Stolen silicone secrets land worker in jail


A former Wacker employee was sentenced to two years in prison and fined $7500 (£4600) after admitting selling trade secrets to South Korean firm KCC Silicones.

62-year old Michael Agodoa pleaded guilty to providing KCC with formulae for several of Wacker’s silicone and rubber-based products, which he acquired before he left the company in 1997. He provided the information to KCC while negotiating for a job offer, then used the formulae to improve KCC’s products during his employment there.


Related Content

Seed secrets thief jailed

3 February 2016 Business

news image

Chinese born US citizen pleads guilty to conspiring to steal trade secrets from DuPont Pioneer and Monsanto

Kolon and Dupont settle trade secrets case

8 May 2015 Business

news image

Korean firm admits stealing Kevlar technology and will pay $360m in fines and restitution

Most Commented

WHO clarifies glyphosate risks

23 May 2016 Business

news image

UN and WHO panel conclude the herbicide glyphosate is ‘unlikely’ to cause cancer at realistic exposure levels

Large HIV vaccine trial to launch in South Africa

24 May 2016 News and Analysis

news image

US funding agency will enlist 5400 people for HIV vaccine study in South Africa in November