The federal case involves a former Qualcomm executive who allegedly helped dupe the San Diego company into purchasing a startup for technology that he secretly created while on its payroll
One of the architects of a scheme to defraud more than $150 million from San Diego-based tech giant Qualcomm pleaded guilty in federal court on Thursday.
In a plea agreement, Taneja, 60, admitted that he and his co-defendants carried out a ruse to hide Arabi’s involvement in the 8-month-old startup. Arabi was a Qualcomm employee while the deal was being negotiated and through its sale in October 2018. That technology Arabi developed was marketed to Qualcomm as the brainchild of a Canadian graduate student for a new Bay Area startup.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
La Jolla Cityhood group blames Mayor Todd Gloria for push to become independent city -SAN DIEGO (KUSI) – The Association for the City of La Jolla, a group that is trying to make the community the 19th city in San Diego County, presented its case for seceding from the city of San Diego during the meeting of the San Diego Local Agency Formation Commission on Monday. The commission will need to approve La Jolla’s...
Read more »
La Jolla Cityhood group blames dirty facilities for push to become independent city -SAN DIEGO (KUSI) – The Association for the City of La Jolla, a group that is trying to make the community the 19th city in San Diego County, presented its case for seceding from the city of San Diego during the meeting of the San Diego Local Agency Formation Commission on Monday. The commission will need to approve La Jolla’s...
Read more »
San Diego is getting nation’s first all-electric tugboatA shoreside charging station will power the eWolf, scheduled to arrive in a few months
Read more »
City of San Diego surveying recreation centers and parks for childcareSan Diego County is seeing a shortage of childcare facilities. The City of San Diego is trying to make finding childcare a little easier for families.
Read more »
San Diego will host Bellator 300 supercard in OctoberHeavyweight champion Ryan Bader highlights the event, which will take place at Pechanga Arena, air on Showtime
Read more »
San Diego begins ‘instant permit' process for new residential solar customersSan Diego's Development Services Department Tuesday began a residential solar instant permitting process intended to cut red tape and reduce processing times.
Read more »