Chinese woman in trade secrets case seeks release - WGEM.com: Quincy News, Weather, Sports, and Radio

Chinese woman in trade secrets case seeks release

Posted: Updated:
By DAVID PITT
Associated Press

DES MOINES, Iowa (AP) - Prosecutors alleging seven employees of a Chinese agriculture biotechnology company conspired to steal trade secrets from U.S. seed corn companies now say the loss to the companies is likely more than $500 million.

The new estimate surfaced in a custody hearing Thursday for Mo Yun, a Chinese woman charged in Iowa as part of the conspiracy.

The government says seed corn was stolen from fields in Iowa and Illinois to duplicate the genetic traits developed primarily by Pioneer and Monsanto.

Mo is one of seven people associated with DBN Group to be indicted. She appeared in federal court in Des Moines asking to be released on bond. She is the wife of the company's chairman, a Chinese billionaire.

Prosecutors want Yun held or closely monitored until her Dec. 1 trial.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WGEM. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service and Mobile Privacy Policy & Terms of Service.

Persons with disabilities who need assistance with issues relating to the content of this station's public inspection file should contact Administrative Assistant Kathy Woodworth at 217-228-6617. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, at 888-835-5322 (TTY) or at fccinfo@fcc.gov.