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NY Engineer Sentenced For Stealing GE's Trade Secrets To Benefit China NY Engineer Sentenced For Stealing GE's Trade Secrets To Benefit China
NY Engineer Sentenced For Stealing GE's Trade Secrets To Benefit China A New York engineer is heading to federal prison for conspiring to steal General Electric’s trade secrets to benefit the Chinese government. Schenectady County resident Xiaoqing Zheng, age 59, of Niskayuna, was sentenced to two years behind bars in federal court in Albany on Tuesday, Jan. 3. It followed his March 2022 conviction on a charge of conspiracy to commit economic espionage. After a four-week trial, the jury either acquitted Zheng, or could not reach a unanimous verdict, on 11 other charges. According to the US Attorney’s Office in the Northern District, Zheng worked at GE Po…

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by Michael Mashburn
Real Estate
Historic, 290-Acre NY Estate Hits Market For $25 Million Historic, 290-Acre NY Estate Hits Market For $25 Million
Historic, 290-Acre NY Estate Hits Market For $25 Million A historic mansion in the Hudson Valley that was once lauded by First Lady Eleanor Roosevelt for its “coziness” just hit the market for $25 million. Known as Steen Valetje, the Dutchess County estate, located in Red Hook, sits on 290 acres and offers “breathtaking views of the Hudson River and Catskills beyond,” according to the listing from Compass Real Estate. “A sanctuary of seclusion, and a retreat where friends and family can gather for life's most important celebrations,” the listing says. Built in 1851, the estate was a gift from William Backhouse Astor - once the richest man in Am…

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by Michael Mashburn