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Two indicted over theft of arcade software

By: Henry K. Lee Chronicle Staff Writer David Russell Foley of Los Gatos and Michael Daddona were named in a 35-count indictment unsealed this week. The indictment, handed up July 1 by a grand jury in San Jose, includes charges of conspiracy, trafficking in counterfeit goods, theft of trade secrets, mail and wire fraud, conspiracy to commit money laundering and bank fraud. Foley was fired from the company, but for the next two years, he kept the proprietary code and trade secrets now belonging to Global VR and "secretly manufactured and sold game packs with counterfeit markings belonging to Global VR for his own financial benefit. To continue reading this interesting article from San Francisco Chronicle, click here.

Full post as published by The Trade Secrets Vault on July 12, 2009 (boomark / email).