A former vice president for research and development for Qualcomm has been charged with fraud for allegedly being secretly behind a microchip startup the tech giant bought for $150 million.
A former vice president for research and development for Qualcomm QCOM, +0.48% has been charged with fraud for allegedly being secretly behind a microchip startup the tech giant bought for $150 million.
Prosecutors said Abreezio’s chief executive Sanjiv Taneja, 59, of Cupertino, Calif., approached Qualcomm in 2015, claiming his company’s technology had been invented by Sheida Alan, a graduate student in Canada, who is Arabi’s younger sister. Qualcomm agreed to buy Abreezio in October 2015. Ali Akbar Shokouhi, 63, of San Diego, who provided funding for Abreezio was charged in the case for also allegedly obscuring his role in the venture, as he had previously been a Qualcomm employee and the company had flagged a previous business he had tried to sell them over conflict of interest issues.
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