Fair 30°
Tag:

Trade Secrets

Police & Fire
NJ Soda Executive Confesses To Sharing Secret Formulas With Competitors, Feds Say NJ Soda Executive Confesses To Sharing Secret Formulas With Competitors, Feds Say
NJ Soda Executive Confesses To Sharing Secret Formulas With Competitors, Feds Say An executive from North Brunswick admitted to sharing secret soda formulas with his company's competitors, authorities said. Andrew Blum, 63, pleaded guilty on Tuesday, Nov. 12 to conspiracy to possess stolen trade secrets and possession of stolen trade secrets, New Jersey's U.S. Attorney Philip Sellinger said in a news release. Blum was the vice president of product development for an unnamed North Jersey-based maker of oil products and proprietary flavors from 2013 until Wednesday, Dec. 12, 2018. The parent corporation of Blum's company was one of the world’s largest produc…

SHARE

by Chris Spiker