Man Pleads Guilty to Selling Counterfeit Semiconductors To U.S. Navy

A Massachusetts businessman by the name of Peter Picone admitted selling counterfeit electronic components to the U.S. Naval Submarine Base in Connecticut, U.S. and other customers.

Through Picone’s companies Tytronix Inc. and Epic International Electronics, it is estimated that he sold $2.5 million worth of counterfeit semicondocutors to numerous clients from February 2007 to December 2012.

On Tuesday 3rd June, Picone pleaded guilty in federal court to an indictment charging him with conspiracy to traffic counterfeit military goods. He faces between three and four years in prison for his crimes.