Huawei Faces RICO Indictment by US

The U.S. accused Huawei of conspiring to violate the Racketeer Influenced and Corrupt Organizations Act. DOJ said Thursday afternoon that "a superseding indictment was returned yesterday in federal court in Brooklyn, New York."

"The 16-count superseding indictment also adds a charge of conspiracy to steal trade secrets stemming from the China-based company’s alleged long-running practice of using fraud and deception to misappropriate sophisticated technology from U.S. counterparts," Justice said. "The new charges in this case relate to the alleged decades-long efforts by Huawei, and several of its subsidiaries, both in the U.S. and in the People’s Republic of China, to misappropriate intellectual property, including from six U.S. technology companies, in an effort to grow and operate Huawei’s business."

The superseding indictment was partly redacted, and cited "Victim Companies." The names of those companies weren't immediately clear. Justice didn't immediately comment. Nor did Huawei.