Former Qualcomm exec charged with insider trading
The U.S. attorney in San Diego says 51-year-old Jing Wang made nearly $250,000 in profits from three illegal trades between 2010 and 2012. Wang is the former president of global business operations for the San Diego-based company.
He surrendered Monday morning to the FBI.
The indictment alleges Wang bought shares before an announced dividend increase, a large acquisition and a strong earnings report.
Also charged are his brother, 53-year-old Bing Wang of China and his former broker, 54-year-old Gary Yin of San Diego.
Our new comment system is not supported in IE 7. Please upgrade your browser here.