A Syracuse, New York man has been charged with stealing trade secrets and proprietary information from his employer, Bristol-Myers- Squibb.
Shalin Jhaveri faces up to 10 years in prison and a $250,000 fine.
According to a FBI complaint, Jhaveri admitted being employed by Bristol-Myers-Squibb as a Technical Operations Associate from November 2007 until his termination on February 2, 2010. The complaint alleges that during his employment, Jhaveri stole numerous trade secrets as part of a plan to establish a pharmaceutical firm in his native India which would compete with Bristol-Myers-Squibb in various markets around the world.