by
Gus Iversen, Editor in Chief | February 25, 2025
The U.S. government is seeking forfeiture of any proceeds generated from the alleged scheme. If convicted, the defendants could face significant financial penalties and potential prison sentences under the Economic Espionage Act.
The indictment follows a civil lawsuit that Philips filed in 2019, which also accused the defendants of trade secret misappropriation. The federal charges, however, carry the weight of criminal prosecution, potentially leading to more severe consequences.
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Jen, Tendian, and Nevtonenko pleaded not guilty in federal court. Du, who resides in China, has an outstanding arrest warrant. The companies have not yet been arraigned.
"We would like to express our appreciation to the U.S. District Attorney for the Northern District of Illinois for their strong cooperation and support in this matter," said the Philips spokesperson.
The case was announced by Morris Pasqual, acting U.S. attorney for the Northern District of Illinois, and Douglas S. DePodesta, special agent-in-charge of the FBI’s Chicago office.
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