Former Wireless COO Pleads Guilty to Selling Confidential Information
Former chief operating officer of Wireless Zone, the largest independent third-party reseller of Verizon Wireless, James Dunham, 59, pleaded guilty to one count of wire fraud Thursday in U.S. District Court in Boston after he was arrested and charged in…
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February with selling confidential business information about the wireless industry to an analyst at a Boston-based financial services firm, said the U.S. Attorney's Office for the District of Massachusetts in a news release. It said Thursday that Dunham is to be sentenced Sept. 3. The office said that for more than two years, Dunham provided confidential information, including the status of certain product launches, the number of new subscribers to a specific wireless provider, and information for specific smartphones, in return for $2,000 per month. “Mr. Dunham abused his position and violated his duty to his employer, customers, and shareholders by stealing business secrets for personal gain,” said Special Agent in Charge of the FBI Boston Field Office Vincent Lisi. The maximum sentence Dunham could receive is up to 20 years in prison, three years of supervised release and a fine of either $250,000, or twice the gross gain or loss, said the bureau.