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The U.S. Department of Justice has indicted four people accused of defrauding a multinational tech company in San Diego of a $150 million startup. Reg It was identified as Qualcomm.
The DOJ said this was despite the start-up company’s proprietary technology being developed by Qualcomm employees and transferred internally to Qualcomm.
The lawsuit alleges that Qualcomm’s now-former vice president of research and development, Karim Arabi, developed new microchip technology in 2015 without the knowledge of his then-prime employer. Through three separate entities, Abreezio LLC oversees the development of the results business.
According to Arabi’s contract, the lawsuit states, “generally, intellectual property created during his employment was bound by agreements that would become the property of his employer, Qualcomm.”
The intellectual property developed by Abirezio is said to include “IP and EDA tools focused on high-tech nodes focused on PPA optimization.” The company’s exec’s LinkedIn bio revealed.
Some Qualcomm VPs, along with Abrezio CEO Sanjiv Taneja, obscured Arabi’s role in developing the technology by claiming that inventions made during employment included in the contract belonged to Qualcomm.
Instead, the team used the innovative Canadian graduate student Shida Allan and her company to invest in an angel-funded Silicon Valley-based IP. The startup innovated and marketed it.
The Canadian-grad-student-angel-investor narrative was marketed to Qualcomm to lure Abrezio into buying it, the DOJ says.
But according to the lawsuit, which was unsealed on Aug. 9, Alan was Arabi’s “younger sister.”
It was the breeder who filed the temporary patent under Alan’s name and was secretly involved in most of Aberrezio’s affairs and even chose the company’s name, according to court documents.
The employees tried to hide his involvement by using fake email accounts and impersonating Arab’s sister, the lawsuit alleges.
Meanwhile, the company has accused prosecutors of relying on Arabic to provide Intel against Qualcomm. Court documents show that Teneja Abirezio has asked a breeder about affordable technology to get a better market.
In the year In October 2015, Abrezio was acquired by Qualcomm for $150 million, with Qualcomm disclosing all parties involved in the technology. Allen, the DOJ, received nearly $92 million, Taneja took over $10 million, and the two Shokuhi entities received $24 million.
The defendants spent the money on foreign real estate and interest-free loans, according to the indictment.
As of Tuesday, August 9, charges against Alan, Arabi, Taneja and Shokuhi were unsealed. All but Alan were arrested. Alan awaits extradition from Canada. Substitutable charge [PDF] He charges the lottery with fraud and money laundering offences.
Shokuhi later that day pleaded not guilty. The pleas of the other accused have not yet been recorded.
The defendants face up to 20 years in prison on the fraud charge and a fine of $250,000, or twice as much of the gain/loss, or $500,000 on the money laundering charge. They must also forfeit property obtained through fraud.
The record Qualcomm has requested the response and will update accordingly. ®
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