MIT Scientist Arrested for Insider Trading Based on Knowledge of $2.2 Billion Deal

(BOSTON) – A research scientist at Massachusetts Institute of Technology was arrested on Wednesday on charges that he engaged in insider trading based on information he obtained from his wife, a corporate lawyer working on a deal involving a mining company.

Fei Yan, 31, was arrested in Massachusetts after federal prosecutors in Manhattan accused him of trading last year on inside information about South Africa’s Sibanye Gold Ltd planned $2.2 billion acquisition of Stillwater Mining.

The...

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