February 15, 2020
Racketeering Hammer Gives U.S. Legal Boost Against Huawei
Source: Bloomberg
Journalists: Alyza Sebenius, David Voreacos
By filing a racketeering charge against Huawei Technologies Co., federal prosecutors unleashed a potent legal weapon in a multipronged and increasingly noisy U.S. campaign against the Chinese technology giant.
Huawei engaged in a two-decade racketeering operation to steal intellectual property from U.S. technology companies, as well as conspiracies to launder money and obstruct justice, according to the indictment unsealed Thursday in federal court in Brooklyn, New York. Those new counts added to earlier charges accusing Huawei of violating U.S. sanctions on Iran and financial fraud.
Read the full story and more in Bloomberg.