Judge revokes bail for Chinese billionaire's chief assistant

AP News
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Posted: Sep 29, 2015 7:33 PM

NEW YORK (AP) — Bail has been revoked for the chief assistant to a billionaire Chinese real estate mogul at the center of a Democratic campaign fundraising scandal in the 1990s.

U.S. Magistrate Judge Sarah Netburn withdrew Jeff C. Yin's $1 million bail after prosecutors said he had lied repeatedly to investigators. The Manhattan jurist said she could no longer trust he would not flee.

Prosecutors said he had failed to reveal he had a Chinese passport and access to a half million dollars in cash when he was arrested earlier this month.

Yin was chief assistant to 68-year-old Ng Lap Seng (EENG-LAP-SIHNG). Ng and Yin have been charged with lying about plans for $4.5 million in cash brought into the U.S. over several years aboard private jets. Defense lawyers call it a misunderstanding.

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This story has been corrected to refer to Ng Lap Seng as Ng on second reference.