Three people were charged yesterday by federal prosecutors for stealing confidential information from the Coca-Cola Company's Atlanta Headquarters. Joya Williams, administrative assistant to a top executive, Ibrahim Dimson and Edmund Duhaney "were arrested on charges of wire fraud and unlawfully stealing and selling Coke trade secrets," federal prosecutors said. Specifically, they stole insider documents and a bottled sample of one of Coke's newest, unreleased products and were planning to sell them to Coke rival, PepsiCo.
Dimson contacted Pepsi via a letter, mailed in an official Coca-Cola envelope, and asked for more than $80,000 for the stolen documents and drink sample. Pepsi contacted Coke and the authorities were brought in. The investigation culminated when an undercover FBI agent offered to pay $1.5 million for other trade secrets from Coke.
Both Coke and Pepsi complied with and assisted the FBI and other authorities during their investigation. Coke says that it will be difficult to overcome this "breach of trust" from Williams, who "[rifled] through corporate files and [stuffed] documents and a new Coca-Cola product into a personal bag" - actions which were caught on the company surveillance videos - and that they will review its "review its information protection policies, procedures and practices."
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