A District judge ruled Friday Chinese turbine manufacturer Sinovel Wind Group Co. must pay $59 million in a plot to steal trade secrets from a U.S. rival.
In January, a federal court in Wisconsin convicted Sinovel of stealing trade secrets from AMSC and nearly putting it out of business.“U.S. District Judge James Peterson ordered the Chinese company to pay $1.5 million in fines and $57.5 million in restitution at a sentencing hearing Friday in Madison, Wisconsin, according to the Justice Department. American Superconductor claimed it suffered at least $800 million in losses from Sinovel’s scheme to pilfer its technology,” Bloomberg reports.
Editor: At least someone is looking after our trade secrets here at home. And, Trump is . . . . .
desperately trying to do something about China's theft of our trade secrets in their country. If he can, a little financial discomfort is a small price to pay for ultimate success versus our "friends" in China.
Understand that China is not only working for our defeat, economically, it is hard at work. militarily, with the same purpose in mind.
