ADN

3:30 AM - November 7, 2008 by Kevin Parrish

An AMD employee steals an estimated $1 Billion in secrets while still on Intel’s payroll.

AMD Hotties say thieves are uncool!If AMD didn’t have enough to worry about with its recent layoffs and the overall economy going down the toilet, now one of its ex-employees is facing charges of one count of theft of trade secrets, and four counts of wire fraud in a criminal complaint filed in August in U.S. District Court in Boston. If convicted, the ex-employee could serve ten years in prison for stealing trade secrets, and up to twenty years on each wire fraud charge.

According to The Associated Press, 33-year-old Biswamohan Pani downloaded the confidential documents - worth up to $1 Billion dollars (insert Dr. Evil grin here) - back in June after resigning from rival microprocessor manufacturer Intel. However, before leaving the company, he used his remaining paid vacation days, thus sat at home with full access to Intel’s network and earning a paycheck while gathering trade secrets. At the same time, Pani also began working for AMD. Naturally, the situation sounds rather suspicious on AMD’s part.

"AMD has not been accused of wrongdoing, and the FBI has stated that there is no evidence that AMD had any involvement in or awareness of Mr. Pani’s alleged actions," reports AMD.

More/Source: http://snipurl.com/57l07 [www_tomshardware_com]