Former Qualcomm executive sent to prison for insider trading

SAN DIEGO (AP) — A former Qualcomm Inc. executive was sentenced Friday to
two years in prison for insider trading, a punishment that could have been much stiffer had the judge not found that the defendant had cooperated with prosecutors.

The sentence for Michael Woodford, who was the company’s chief financial officer from 2006 to 2010, was the maximum allowed under the law.