CLEVELAND (Feb. 24, 2016) — Two Chinese nationals have been arrested and charged in the U.S. with wire fraud and honest services wire fraud against their employer, Goodyear.
Xin Francis Fan, 40, and Rex Xu Yu, 41, were arrested Feb. 19 while attending business meetings at Goodyear headquarters in Akron. They will be arraigned Feb. 25 before the Youngstown federal district court.
According to the FBI office in Cleveland, Messrs. Fan and Yu were employees of Goodyear Orient Company (Private) Ltd. (GOCPL), a Singapore-based subsidiary of Goodyear with offices in Shanghai.
GOCPL manages all the natural rubber purchasing, delivery, financing and quality certifications for Goodyear's global operations, the FBI said.