MIT post-doctoral associate arrested for insider trading

Reuters News
Posted: Jul 12, 2017 1:44 PM

BOSTON (Reuters) - A post-doctoral associate at Massachusetts Institute of Technology was arrested on Wednesday on charges he engaged in insider trading ahead of news that Sibanye Gold planned to acquire Stillwater Mining for $2.2 billion, prosecutors said.

Fei Yan, 31, was arrested by the Federal Bureau of Investigation in Massachusetts after federal prosecutors in Manhattan brought charges against him for securities fraud and wire fraud.

Leaving the Left
John Stossel

(Reporting by Nate Raymond in Boston; Editing by Tom Brown)