U.S. prosecutors have indicted the CEO of a Louisville magnetic company for his alleged role in sending defense-related technical data to China and selling unauthorized items to the Defense Department (DOD), the Department of Justice (DOJ) said on Friday.
Hang Sun, a Chinese national also known as Cody Sun, was charged with four counts of conspiracy, wire fraud, smuggling, and violating the Arms Export Control Act relating to the scheme, according to the DOJ.