- Associated Press - Friday, October 31, 2014

WAUKESHA, Wis. (AP) - Federal prosecutors say they have reached a plea deal with a Chinese engineer charged with stealing trade secrets from a GE Healthcare subsidiary in Waukesha.

The Milwaukee Journal Sentinel reports (https://bit.ly/1rZWMYL ) 41-year-old Jun Xie will plead guilty to one count of stealing trade secrets. He faces up to 10 years in prison, a fine of up to $250,000 and deportation.

No date has been set for him to formally enter his plea.

The medical equipment company says it lost between $100 million and $200 million to the alleged crime. The plea deal includes a restitution payment of $130,000.

Xie tells investigators he copied confidential information from the General Electric Co. unit because he knew he would move back to China and join a Chinese company.

Daniel Stiller, a public defender representing Xie, says the plea agreement speaks for itself.

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Information from: Milwaukee Journal Sentinel, https://www.jsonline.com


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