An Ohio-based researcher pleaded guilty to conspiring to steal “trade secrets concerning the research, identification, and treatment of a range of pediatric medical conditions.”
The man, Yu Zhou, also pleaded guilty to conspiring to commit wire fraud.
The research stolen by Zhou centered on “scientific trade secrets related to exosomes and exosome isolation” from Nationwide Children’s Hospital’s Research Institute. Zhou worked alongside the hospital with his wife, Li Chen.
According to the Department of Justice:
As part of their pleas, the couple has agreed to forfeit property or gains associated with their crimes. For Chen, this included approximately $1.4 million, 500,000 shares of common stock of Avalon GloboCare Corp. and 400 shares of common stock of GenExosome Technologies, Inc. The details of Zhou’s forfeiture will be finalized through the sentencing process.