MIDLAND, Mich. (Aug. 28) — U.S. authorities have arrested a former Dow Chemical Co. employee and charged him with attempting to sell stolen trade secrets related to chlorinated polyethyelene to Chinese companies.
Wen Shyu Liu — also known as David Liou — was arrested Aug. 22 on an intercontinental flight inbound to Seattle from Taipei, Taiwan.
Liu, 69, worked in Dow´s research and development area for 27 years before retiring in 1992, according to an Aug. 23 statement from the U.S. Attorney´s Office for the Middle District of Louisiana.
Liu spent most of his career with Dow was spent at the company´s petrochemicals plant in Plaquemine, La.
The secrets Liu allegedly was trying to sell were connected to Dow´s Tyrin-brand chlorinated polyethylene business; Tyrin is used primarily as an impact modifier in vinyl siding and PVC pipe, as well as general rubber applications.
Officials allege that Liu not only took confidential information with him when he left Dow, but that he later hired current and former Dow employees to prepare a detailed engineering package to sell to prospective Chinese companies.
Liu has been charged with 15 counts, including eight counts of wire fraud. If convicted, he could face a total of 300 years in jail and a maximum fine of $9.75 million.
Former Dow employees John Wheeler, Keith Stoecker and a person identified only as "HM" are named in the indictment against Liu, although none has been charged.