Daily Archives: July 22, 2014

Former Senior Executive of Qualcomm Pleads Guilty to Insider Trading and Money Laundering Charges

SAN DIEGO—Jing Wang, the former Executive Vice President and President of Global Business Operations for Qualcomm, Inc. (NASDAQ: QCOM), admitted this afternoon to engaging in insider trading in the stock of both Qualcomm and Atheros Communications, Inc. (“Atheros”) using a nominee brokerage account and an offshore shell company in the British Virgin Islands (“BVI”). Wang also admitted laundering the proceeds of his insider trading using a second BVI shell company, and arranging with his brother and his former stock broker to obstruct investigations by the U.S. Securities and Exchange Commission and Federal Bureau of Investigation.

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Government agents ‘directly involved’ in most high-profile US terror plots

http://www.theguardian.com/world/2014/jul/21/government-agents-directly-involved-us-terror-plots-report

Nearly all of the highest-profile domestic terrorism plots in the United States since 9/11 featured the “direct involvement” of government agents or informants, a new report says.

Some of the controversial “sting” operations “were proposed or led by informants”, bordering on entrapment by law enforcement. Yet the courtroom obstacles to proving entrapment are significant, one of the reasons the stings persist.

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