Huawei continues to plead innocent despite serious criminal charges
Huawei has been in rough waters so far in 2019, and it doesn’t look like they’ll be getting out any time soon.
A 13-count indictment was unsealed earlier this week in a federal court in Brooklyn, New York, charging four defendants. The indicted defendants include Huawei and two Huawei affiliates, Huawei Device USA and Skycom Tech, as well as Huawei’s chief financial officer (CFO) Wanzhou Meng (Meng).
Huawei and Skycom are charged with bank fraud and conspiracy to commit bank fraud, wire fraud and conspiracy to commit wire fraud, violations of the International Emergency Economic Powers Act (IEEPA) and conspiracy to violate IEEPA, and conspiracy to commit money laundering. Huawei and Huawei USA are charged with conspiracy to obstruct justice related to the grand jury investigation in the Eastern District of New York. Meng is charged with bank fraud, wire fraud, and conspiracies to commit bank and wire fraud.
