By Newt Gingrich (original source Newsweek)
“The recent federal indictments of Chinese telecom giant Huawei and its affiliates lay out a frightening story of a foreign company illicitly manipulating and exploiting loopholes in the American business system.
The first indictment, filed in the Eastern District of New York, outlines 13 charges related to bank fraud, wire fraud, money laundering, violations of the International Emergency Economic Powers Act (IEEPA), and obstruction of justice. During Monday’s press conference about the indictments, Acting Attorney General Matthew Whitaker clearly described Huawei’s lies about its affiliations with an Iranian subsidiary, Skycom, which misled banks into conducting business that is illegal under US law. As Whitaker pointed out, Huawei has been allegedly deceiving and conducting illicit activities against the US government and global financial institutions for at least a decade, and this behavior “goes all the way to the top of the company.”
The second indictment was filed in Washington and details 10 charges related to theft of trade secrets, wire fraud, and obstruction of justice. This indictment describes how Huawei relentlessly attempted to steal the technology behind T-Mobile’s robot mobile phone testing system, Tappy. In this case, Huawei actually created an employee bonus program for those who engaged in stealing valuable and confidential information from their competitors.”
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