Federal prosecutors accused executives of the Chinese tech giant Huawei of participating in a massive crime spree as the company’s unprecedented criminal trial in New York kicked off.
\n\nHuawei, which manufactures and sells cutting-edge technology to support AI and 5G, was first charged by U.S. law enforcement in 2019, not long after its CFO Meng Wanzhou was arrested in Canada. Though criminal proceedings against the company stalled under the Biden administration, President Trump’s DOJ has pressed ahead with a prosecution.
\n\nA US prosecutor described China’s Huawei as a criminal enterprise that stole from US companies to build its telecommunications empire, as the trial against the tech company kicked off in Brooklyn federal court on Wednesday.
\n\n“Theft, lies, cover-up,” Taylor Stout, a trial attorney from the US Department of Justice, said in the government’s opening statement. “For 20 years, that’s how Huawei, a massive Chinese telecommunications company, victimized American companies and abused the American financial system, all in an effort to dominate the telecommunications industry around the world.”
\n\nHuawei stands accused of a laundry list of charges, including racketeering, bank fraud, wire fraud, money laundering, stealing trade secrets, and violating sanctions against Iran and North Korea.
\n\nThe trial will test broader…
Original source: https://www.breitbart.com/tech/
