Business

HOW PEPSI DEALT WITH COCA-COLA SECRETE FORMULA

For a cool 1.5 million dollars, a Coca-Cola employee offered Pepsi corporate secrets. Coca-Cola was notified by Pepsi in response. Joya Williams and her accomplice Ibrahim Dimson were high-ranking Coca-Cola employees who had access to several documents concerning the company's products and upcoming initiatives. Williams and Dimson then approached Pepsi, putting up a $1.5 million deal to sell all of the executive secrets. Regretfully, Pepsi executives informed Coca-Cola and the FBI about Williams and Dimson. Then undercover officers from the FBI dressed as Pepsi executives were sent. These undercover FBI operatives used a portion of the $1.5 million required to entice Williams and Dimson, who were then coerced into turning over the documents and the chemical vial. Dimson and Williams were apprehended with crimson hands.

 

The FBI proved their case in court by presenting the secrets and the proof of payment. Williams received an eight-year jail sentence in 2007 and Dimson received a five-year sentence. A Pepsi representative stated, "We acted in a way that any ethical business would.  "While competition can be intense, it must also be just and lawful. Joya Williams, the former employee of Coca-Cola, was sentenced to eight years in prison, while Ibrahim Dimson, his accomplice, was given five years. Joya Williams had attempted to sell the famous drink's secret formula to Pepsi, but Ibrahim Dimson had failed to consider that the law also protects business secrets in addition to patents.

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Kayode Olorundare

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