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Transcript: FIRST CORPORATE SENTENCING UNDER THE ECONOMIC ESPIONAGE ACT FOUR PILLARS TO PAY $5 MILLION FINE
- Article from:
- Regulatory Intelligence Data
- Article date:
- January 5, 2000
- Author:
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WASHINGTON, D.C. --Four Pillars Enterprises Ltd., a Taiwanese
adhesives company, its former CEO and the CEO's daughter were sentenced
today in the culmination of the first case brought to trial under
the Economic
Espionage Act of 1996.
U.S. District Judge Peter C. Economus, in Youngstown, Ohio, ordered
Four Pillars to pay the statutory maximum fine under the Economic
Espionage
Act of $5 million. Pin Yen Yang, 74, its former CEO, was sentenced
to six
months home confinement, a fine of $250,000, and an additional 18
months
of probation. Sally Yang, his daughter and a former company executive,
was sentenced to one year probation and a fine of $5,000.
On April ...