Four charged with tricking Qualcomm into buying $150m startup
The indictment alleges that some Qualcomm VPs, along with Abreezio's appointed CEO Sanjiv Taneja, obscured Arabi's role in developing the tech due to provisions in his contract that stated inventions made during employment belonged to Qualcomm.as being the brainchild of a Canadian graduate student, Sheida Alan, and the company as an angel-funded Silicon Valley-based design IP startup.
The crew sought to hide his involvement, using sham email accounts and even having Arabi impersonate his sister, the indictment alleges. In October 2015, Abreezio was acquired by Qualcomm for $150 million, with Qualcomm under the assumption all parties involved with the technology had been disclosed. The DoJ says Alan received almost $92 million, Taneja took over $10 million and two of Shokouhi's entities received $24 million.
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