Chinese man pleads guilty of selling 'stolen' software worth $100 mln

London, Jan 9 (ANI): A Chinese man has pleaded guilty to selling stolen software worth over 100 million dollars.

According to prosecutors, the stolen software included programs used in defence, space technology and engineering and was sold to 325 buyers in 61 countries between 2008 and 2011.

The software, made by companies including Microsoft, Oracle and Siemens, was sold to American buyers in 28 states.

Xiang Li, businessman from Chengdu, China, was arrested in June 2011 after being lured to American territory in Saipan, near Guam, the Telegraph reports.

According to the paper, the man apologized for his actions and said he did not realise the value of what he was selling until he was caught.

The Li case involves sophisticated business software, not entertainment software, and thus small quantities of higher-priced products.

The retail value of the products Li pirated ranged from several hundred dollars to more than one million dollars a piece.

According to government court filings, he sold them online for as little as 20 to 1,200 dollars. (ANI)

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