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Insider Trader Arrested After He Googled 'Insider Trading,' Authorities Allege

Posted by BeauHD on from the breadcrumb-trail dept.

Spy Handler writes: Fei Yan, a research scientist at the Massachusetts Institute of Technology and 31-year-old Chinese citizen, was arrested by federal authorities on Wednesday on insider trading charges. Mr. Yan used Google to search for phrases such as "how sec detect unusual trade" and "insider trading with international account." He also allegedly read an article titled "Want to Commit Insider Trading? Here's How Not to Do It," according to the U.S. attorney prosecuting the case. Further reading: Associated Press, CNBC, USA Today

2 of 124 comments (clear)

  1. Re:Why did Google turn him in? by dunkindave · · Score: 4, Insightful

    Why did Google report the searches to the SEC? Did he short their stock or something? ;-)

    Google didn't report it, they found that he did those searches after they were already looking at him, at least that is what the article implies since it is scant on details. My question though is how they know about the searches? Was it forensics on his computer, or did they get the search history from Google? I'm betting the former.

  2. Re:So... he was charged with reading? by Paradise+Pete · · Score: 5, Insightful

    So... he was charged with reading?

    If so then clearly you have nothing to worry about.