Tech Exec Pleads Guilty to Role in Defrauding Qualcomm Out of More Than $150 Million

Tech Exec Pleads Guilty to Role in Defrauding Qualcomm Out of More Than $150 Million
One of many Qualcomm buildings is shown in San Diego, Calif., on Nov. 3, 2015. Mike Blake/Reuters
City News Service
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SAN DIEGO—The lead investor of a company that was sold to San Diego’s Qualcomm for more than $150 million—which prosecutors allege was part of a fraudulent scheme involving one of Qualcomm’s former employees—pleaded guilty Oct. 5 to a federal money laundering charge.

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.

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