SAN JOSE — A Silicon Valley-based tech executive was charged with wire fraud this week for his alleged role in a scheme to divert funds and business from his employers to a business he had a controlling and financial interest in, according to federal prosecutors.
According to the U.S. Justice Department, Chao had a “duty to of loyalty” and a “duty to disclose outside business” to his employers. While a news release did not name the company that employed Chao, his LinkedIn profile lists him as global business director for San Jose-based Rockwell Software from January 2007 to January 2020.
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