I know a leading academic in my field who does that. One time he was invited by a well-known industry (from EU) for possible collaboration. The firm foolishly trusted him and gave him full access to their "secret plans". Collaboration talks reached advanced stages, but the man chickened out at the last minute. He then used the ideas stolen from this industry and sold them to a rival Asia-based industry. Up to now I just can't understand why someone of his standing, who has won multiple awards would sink so low to involve himself in cheap unprofessional conduct.