SYRACUSE -- The U.S. Attorney General's Office announced a former Bristol-Myers Squibb worker has plead guilty to stealing trade secrets from the company.
Shalin Jhaveri, 30, of Syracuse, stole trade secrets and proprietary information. Jhaveri, a Cornell graduate, admitted being employed by Bristol-Myers Squibb as
a Technical Operations Associate from November of 2007 until he was fired on February 2, 2010. Jhaveri stole numerous trade secrets as
part of a plan to establish a pharmaceutical firm in his native India. At the time of his arrest, Jhaveri was meeting in a Syracuse hotel room with an individual he believed was an investor willing to finance
a business venture Jhaveri planned to start in his native India. Jhaveri transferred Bristol-Myers trade secrets to this investor, an individual he knew was not employed by or associated
with Bristol-Myers in any capacity. Jhaveri faces up to 10 years in prison, a $250,000 fine, up to three years of supervised
release, and deportation.
