Another Defendant Enters Guilty Plea Linked to $150M Alleged Fraud of Qualcomm ...Middle East

Times of San Diego - News

A sign in front of a Qualcomm building in San Diego. REUTERS/Mike Blake The lead investor of a company that was sold to San Diego’s Qualcomm for more than $150 million pleaded guilty Thursday to a federal money laundering charge. Prosecutors allege the sale was really part of a fraudulent scheme involving a former Qualcomm employee, Karim Arabi. Ali Akbar Shokouhi, 64, of San Diego, was charged last year for his role in allegedly selling a microchip technology start-up known as Abreezio to the San Diego tech giant in 2015. Though the sales pitch represented that Abreezio’s technology was invented by a Canadian grad student, prosecutors said it was not disclosed that the student

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Another Defendant Enters Guilty Plea Linked to $150M Alleged Fraud of Qualcomm ...Middle East

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