A former senior executive at Qualcomm Inc. was sentenced June 26 to 18 months in prison for his part in a scheme to unlawfully trade on the company’s confidential information over the course of three years (United States v. Wang, S.D. Cal.sentencing).
Judge William Q. Hayes also ordered Jing Wang to pay a $500,000 fine and serve three years of supervised release.
Wang pleaded guilty in July 2014 in the U.S. District Court for the Southern District of California to one count of securities fraud and one count of money laundering (09 WCR 486, 7/25/14).
Prosecutors ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.