California CEO Charged in Alleged $300 Million Export Scheme
Federal authorities have arrested California tech CEO Greg Lui, charging him with smuggling over $300 million worth of export-controlled computer servers, including Nvidia chips, to China. Prosecutors allege Lui used false paperwork and routed shipments through Malaysia and Singapore.
Federal authorities have arrested Greg Lui, a California technology CEO, on charges related to the alleged smuggling of export-controlled computer servers, including Nvidia chips, valued at over $300 million. The Department of Justice (DOJ) announced the charges, which include conspiracy to violate export-control laws, outbound smuggling, and money laundering.
Prosecutors allege Lui orchestrated a scheme to transport these servers to China. This operation, according to court documents, involved creating false paperwork and routing the shipments through Malaysia and Singapore. The specific computer servers identified in the charges contained Nvidia chips.
Lui currently faces three federal charges. These charges relate to his alleged involvement in circumventing export regulations. The Department of Justice has not released additional details regarding the ongoing investigation.
Related Topics
Article Ratings
How do you feel about this story?
National Desk
Sign in to follow this author from their profile.
Discussion (0)
Join the Conversation
Join the conversation
Sign in to share your thoughts, reply to readers, and like comments.
No comments yet. Be the first to comment!