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3 charged in theft of trade secrets

12:05 PM, Jan 30, 2013   |    comments
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DENVER - Three men are facing charges for allegedly planning to steal an electrical engineering firm's proprietary and customer information. The charges claim that while working for Electric Power Systems, the men stole information from the company and gave it to a direct competitor.

The three men, 52-year-old Charles "Doug" Belcher, 42-year-old Gustav Eicher and 31-year-old Matthew Stotz are each charged with three counts of theft, three counts of conspiracy to commit theft, computer crime, conspiracy to commit computer crime, theft of trade secrets and conspiracy to commit theft of trade secrets.

Reportedly, after the men downloaded the information to portable hard drives, they deleted tens of thousands of critical computer files from Electric Power Systems International computers.

The stolen information is believed to be worth hundreds of thousands of dollars.

Belcher surrendered in Boulder on a warrant for his arrest, while Eicher and Stotz surrendered at the Jefferson County Jail.

Their Denver court dates have not yet been set.

Rose Heaphy contributed to this article.

(KUSA-TV © 2013 Multimedia Holdings Corporation)

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