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Coke's Secret Formula Bandits Plead Guilty

The Colonel's 11 secret herbs and spices and the Bush Bean secret family recipe are safe once more.

The two men accused of plotting with a secretary at Coca-Cola Co. to steal trade secrets from the world's biggest soft drink maker and trying to sell them to archrival PepsiCo Inc. each pleaded guilty Monday to one count of conspiracy.

Ibrahim Dimson and Edmund Duhaney both could face up to 10 years in prison and a $250,000 fine when they're sentenced Jan. 29.
...
The alleged plans were foiled [curses!] after Pepsi, based in Purchase, N.Y., warned Coca-Cola.

The prosecution says a box containing two undisclosed Coca-Cola product samples and other confidential company documents was found in Duhaney's home during a search on July 5, the day all three were arrested and the same day a $1.5 million transaction was to occur.

Handcrafted by Flip on October 23, 2006 |

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Tracked on Oct 24, 2006 1:32:47 PM

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