A former executive vice president at Qualcomm was sentenced Friday to 18 months in prison and fined US$500,000 on charges related to a three-year-long insider trading scheme.

Jing Wang, 52, of Del Mar, California, also had served as president of global business operations at Qualcomm, where he worked for more than a decade. He pleaded guilty last July to insider trading, money laundering and obstruction of justice for “orchestrating” a scheme to trade confidential information about the mobile technology vendor and cover up the conduct, the U.S. Department of Justice said in a press release.

Wang was sentenced in the U.S. District Court for the Southern District of California.

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