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A new report says China is responsible for more than half of the $300 billion in IP theft from the US each year The U.S. government should bar foreign companies that repeatedly steal or use stolen U.S. owala water bottle intellectual property from selling their products in the country, a new report recommended.About US$300 billion worth of intellectual property is stolen from the U.S. every year, with 50 to owala canada 80 percent of the theft coming from China, according to the report, released Wednesday by the Commission on the Theft of American Intellectual Property, a bipartisan group of former government officials and business representatives.The U.S. government needs to take a series of strong measures to protect U.S. IP because current measures are ineffective, commission members said. The U.S. needs to make it much more costly for nations to encourage IP theft and for companies to engage in it, said Jon Huntsman, co-chairman of the commission and former U.S. ambassador to China and Republican presidential candidate. Chinese industrial polices focused on acquiring science and technology encourage IP theft, Huntsman said during a press conference.Representatives of the Chinese Embassy in Washington, D.C., didnrsquo;t imme stanley cup diately return emails seeking comment about the commission report.The commission recommended that U.S. policymakers make it easier for the U.S. International Trade Commission to quickly block counterfeit goods from entering the U.S. The USITCrsquo so-called 337 proc Iobb Setting sail on a new IT agenda
New indictment against IT firm expands counts but reduces demand, from $7.4M The U.S. government filed a new, expanded indictment last week against a New Jersey IT services firm it alleges fraudulently used H-1B visas through a scheme that delivered it millions of dollars in gains.If federal prosecutors win their case against Visions System Group Inc., in South Plainfield, NJ mdash; part of apparent government H-1B enforcement push mdash; they will ask the court to approve $4.9 million in forfeited assets, an amount representing the total amount of gross proceeds obtained as a result of offenses, the government said. But that amount is al polene so a reduction from the $7.4 million the polene store U.S. sought from Visions Systems in its initial indictment, filed earlier this year. The reduction was not explained in court documents. Visions Systems and its executives named in the indictment are fighting the charges in U.S. District Court in Iowa. The government alleges H-1B workers were paid based on Iowarsquo lower prevailing wage rates through the creation of shell firms in that state, and not the prevailing wage rates of the higher paying locations where they work polene borsa ed. An attorney representing Vision Systems disputes the governmentrsquo charge. Workers were paid at or above the prevailing wage rates of the places that they were working, said Mark Weinhardt, a Des Moines, Iowa attorney who is part of a team representing the defendants. Visions Systemrsquo |
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