Clipped From Tyrone Daily Herald

rdaher9 Member Photo

Clipped by rdaher9

 - W. in Exxon Worker Charged For Sale To IBM...
W. in Exxon Worker Charged For Sale To IBM PHILADELPHIA (UPI) An FBI undercover agent has arrested a former employee of Exxon Corp.'s QYX Division in Lionville, Chester County, . and charged him with trying to sell secret _ Exxon documents valued "at $500 million dollars to ah IBM executive.s Orion N. Briel, 37, of'Pott- stown, was arrested Wednesday- when he allegedly askSd for $100,000 in return for handing over secret information about Exxon plans to introduce new products through QYX, which sells business machines and information systems, the FBI said. Briel resigned Aug. 13 as manager of marketing publications for QYX and the next day contacted Dan McGlaughlin, vice president of IBM's marketing office in Franklin Lakes, N.J., in a letter offering to sell the information, according to the FBI. Exxon told FBI agents the information would be worth up to half a billion dollars to a competitor. Undercover agent James E. Feehery and Exxon engineer Jack Atkin, both posing as IBM employees, met with Briel Wednesday to finalize the deal, officials said. Briel told Feehery the price was $100,000, and Atkin later verified the documents as confidential papers containing details about new products for QYX, the FBI said. U.S. Magistrate William F. Hall Jr. charged Briel with one count of mail fraud, released him on $3,000 bond and scheduled a Sept. 10 hearing. If convicted, Briel could be sentenced to five years in jail and fined $1,000. When he resigned, Briel was earning $27,000 annually at Exxon, according to court records, and told Hall he was expecting to begin work Tuesday as a senior logistics analyst for American Electronic Laboratories in suburban Montgomeryville.

Clipped from
  1. Tyrone Daily Herald,
  2. 28 Aug 1980, Thu,
  3. Page 3

rdaher9 Member Photo
  • Clipped by rdaher9 – 22 Dec 2012

Want to comment on this Clipping? Sign up for a free account, or sign in