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Former Qualcomm executive convicted in US of fraud, money laundering

( April 9, 2025, 15:05 GMT | Official Statement) -- MLex Summary: Karim Arabi, a former vice president of Qualcomm’s research and development department, was convicted by a federal jury of fraud and money laundering charges in connection with a massive $180 million scheme targeting his then-employer. Arabi committed fraud by developing a valuable microchip technology, marketing the technology through a company he created to conceal his involvement, and then sold the company and its purported technology to Qualcomm for $180 million, prosecutors said.Statement follows below:...

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