On July 21, Jing Wang, a former senior executive of Qualcomm Inc., pled guilty to insider trading in shares of Qualcomm and Atheros Communications Inc., and laundering the proceeds (totaling approximately $250,000) using an offshore shell company. According to court documents, Wang purchased Atheros stock hours after Qualcomm’s board made a non-public offer to purchase Atheros and bought Qualcomm stock one day before Qualcomm announced record earnings results. Wang also pled guilty to obstructing justice by conspiring with others to conceal his unlawful trading. U.S. v. Wang, 13 Cr. 3487 (S.D. Cal.) DOJ Press Release.