Importer of Counterfeit Circuits Sold to Defense Contractors Pleads Guilty
Peter Picone pleaded guilty in U.S. District Court for the District of Connecticut to importing counterfeit integrated circuits from China and Hong Kong, said ICE in a press release. Picone, from Massachusetts, sold the counterfeit circuits to U.S. customers, including…
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to contractors for the U.S. Navy for use in nuclear submarines, said ICE. From 2007 through 2012, Picone conspired with his foreign suppliers to sell millions of dollars of circuits bearing the counterfeit marks of 35 major electronics manufacturers, according to the plea agreement. "This is the second conviction ever of trafficking in counterfeit military goods, a relatively new provision in the U.S. criminal code which was enacted as part of the National Defense Authorization Act of 2011," said the press release.