Word: japanscam
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Dates: during 1980-1989
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...Francisco last week, Hitachi pleaded guilty to conspiring to transport stolen IBM secrets to Japan. The company was fined $10,000, Hayashi $10,000 and another employee $4,000. The $24,000 in fines struck some observers as a bit light. Conceding that the costs of setting up the Japanscam were far greater than that, Assistant U.S. Attorney Herbert Hoffman added: "But then we don't run criminal investigations on a cost-effective basis. Justice has been accomplished." Also, Hitachi is out of pocket considerably more than $24,000. The $622,000 that Hitachi paid Glenmar, an FBI front...
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