ALBANY – A businessman from China has been indicted on one charge of conspiring to steal trade secrets from General Electric, federal prosecutors said.
Chi Lung Winsman Ng, also known as Winsman Ng, 64, of China, has yet to be arrested, officials said. If convicted, he would face up to 10 years in federal prison.
Ng is accused of conspiring with a person employed at the General Electric Global Research Center in Niskayuna from March 2017 to January 2018 to take proprietary information concerning GE-developed technology related to MOSFETs, a device that regulates the flow of electricity through devices that are used in a variety of products.
Ng’s alleged co-conspirator is not named in his indictment, but the person worked at General Electric Global Research from 2015 to 2018 and lived in Niskayuna, Ng’s indictment reads.
Between March 2017 and January 2018, the two allegedly conspired to develop a business plan to create and seek funding for a start-up company that would manufacture and sell the devices using the GE secrets that the co-conspirator had stolen from GE.
Ng and the co-conspirator initially met at a Capital Region restaurant in March 2017, where they formed a plan to create the start-up company that would manufacture the devices using GE technology. The two then discussed, drafted and edited business plans over the ensuing months, the indictment reads.
In August 2017, the two met in China with representatives of a Chinese investment company and gave presentations soliciting approximately $30 million in funding.
In the end, federal prosecutors say they have no evidence of any illegal MOSFET technology transfer to any Chinese company, including to the company that Ng and his alleged co-conspirator are accused of trying to start, officials said.
The case is being investigated by the FBI Albany Field Office and the U.S. Attorney’s Office.