March 28, 2014

Chinese seed heist

FBI busts Chinese nationals for elaborate seed heist in the Midwest. Six were charged with stealing trade secrets and other acts against DuPont Pioneer, Monsanto Company and LG Seeds

As the nearly 50 pages of court documents spell out, this stealth operation was more than an uncoordinated smash and grab. Page after page unfolds in great detail, much like a spy novel, demonstrating the lengths these men took to steal U.S. seed technology. 

The defendants are alleged to have conspired to steal inbred corn seed from the three companies and transfer the seed to China.
The estimated value of an inbred line of seed is five to eight years of research and a minimum of $30 to $40 million.

Posted by Jill Fallon at March 28, 2014 11:39 AM | Permalink