Ketankumar Maniar (37) admitted before US District Judge Joel Pisano in Trenton federal court yesterday to an information charging him with two counts of theft and attempted theft of trade secrets for his own economic benefit, US Attorney Paul Fishman announced.
Maniar has been in custody since his June 2013 arrest. The theft of trade secrets charges are each punishable by a maximum potential penalty of 10 years in prison and a fine of up to USD 250,000. His sentencing is scheduled for September this year.
Through his work at the two companies, he was able to steal secret information related to the products, including Bard's development of the first implantable port used for power injection of pharmaceutical drugs throughout the body. Maniar also had access to secret information related to a self-administered disposable pen injector still under development by BD and not yet available for commercial sale.
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