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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: