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WASHINGTON (Reuters) – Two units of China’s Huawei Technologies Co Ltd are to be arraigned on Feb. 28 in Seattle on a 10-count indictment on charges they conspired to steal T-Mobile US Inc trade secrets, according to court filings Tuesday. The Justice Department alleged that Huawei Device Co Ltd and Huawei Device USA Inc committed wire fraud and obstructed justice by stealing robotic technology from T-Mobile to test smartphones’ durability. A spokeswoman for the U.S custom cufflinks nyc. Attorney’s Office for the Western District of Washington said a corporate representative for Huawei would appear at the arraignment. Huawei did not immediately comment..
Separately, federal prosecutors in Brooklyn have also charged Huawei and its affiliates with bank and wire fraud on allegations that they violated sanctions against Iran. That separate 13-count indictment made public Monday. No arraignment date has been set in that case, which has added to Washington’s tensions with Beijing custom cufflinks nyc. T-Mobile had accused Huawei of stealing the technology, called “Tappy,” which mimicked human fingers and was used to test smartphones. Huawei has said the two companies settled their disputes in 2017..
The charges add to pressure from the U.S custom cufflinks nyc. government on Huawei, the world’s biggest telecommunications equipment maker. Washington is trying to prevent American companies from buying Huawei routers and switches and pressing allies to do the same. Court records show the two Huawei units has retained several high-profile lawyers including former Deputy Attorney General Jim Cole, a partner at Sidley Austin LLP; former Justice Department lawyer David Bitkower, a partner at Jenner & Block; former federal prosecutor Robert Westinghouse, a partner at Yarmuth LLP; and two lawyers at Steptoe & Johnson LLP..
NEW YORK (Reuters) – Cryptocurrencies stolen from exchanges and scammed from investors surged more than 400 percent in 2018 to around $1.7 billion, according to a report from U.S.-based cyber security firm CipherTrace released on Tuesday. Of the $1.7 billion, the report, which looks at criminal activity in the digital currency market, said $950 million constituted thefts from cryptocurrency exchanges and infrastructure services such as wallets, up nearly 260 percent from $266 million in 2017 custom cufflinks nyc. Korea and Japan were home to most of the thefts from exchanges, or 58 percent, throughout 2018..
The numbers on crypto theft surprised many observers given the price declines in digital currencies in 2018. The market capitalization with more than 1,600 digital currencies was $112 billion in January, 2019, down more than 80 percent from its peak a year earlier. In addition to those thefts, the research found that investors and exchange users lost about $725 million in cryptocurrency in 2018 to exit scams such as fraudulent initial coin offerings, phony exchange hacks, and Ponzi schemes custom cufflinks nyc. In 2017, the exit scams totaled just $56 million, according to CipherTrace..