A fake Rabbi in East Windsor, NJ plead guilty for being a pedophile and received ZERO days in prison as a result. He’ll be getting 5 years probation — because abusing children isn’t a big deal in this country.
Fei Yan (31), a brilliant research scientist at MIT, got caught in a few insider trading violations, after googling “how sec detect unusual trade” and “insider trading with international account”. I wonder if the courts will be as forgiving as was the case with the rabbi?
The 31-year-old Chinese citizen got the information from his wife, who was an associate at a law firm that worked on the deals, the SEC charged in a complaint filed Wednesday. He then tried to hide the transactions by placing the trades through a brokerage account in the name of his mother, who lives in China, the complaint charged.
After flagging the trades as suspicious through data analysis, the SEC traced them back to Yan.
He subsequently visited web pages about the Wall Street regulator’s “detection and enforcement efforts with respect to insider trading” and related to the SEC’s “insider trading enforcement actions with international dimensions,” the complaint alleged.
Although Yan tried to hide his tracks, “we identified the profitable trades in deals advised by the same law firm and traced them back to him,” Joseph Sansone, co-chief of the SEC’s Market Abuse Unit, said in a statement.
Mr. Yan made ‘illicit gains’ in his victimless crime by trading in Mattress Firm and Stillwater Mining. He made a total sum of $120,000 on the two transaction — with information gleaned from his wife’s job. He tried to mask the trades using his Mother’s name, who lives in China on the account. It failed, partly thanks to Google (go team GOOGL!). Now the SEC and the Southern District of New York will ensure that his life is ruined.
Joon Kim, the Acting U. S. Attorney for the Southern District of New York, smugly said that the answer to Yan’s google searches is: “There is no proper way to commit insider trading.”
Yan’s wife has been fired from her job, his mother Rongxia Wu charged by the SEC as a relief defendant, and he’s out on $500,000 bail awaiting trial so that he could proceed into a dank prison cell for a number of years.
It’s the law, children. Don’t argue with them and avoid insider trades. They’re bad, very bad — worse than abusing children.
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Hehehe. Nice try, Mr. Yan. The SEC is pretty sharp.
https://www.youtube.com/watch?v=M5QGkOGZubQ
Seems worth mentioning that it wasn’t his actual googling activity, or Google itself, which reported his searches. Fortunately we’re not that much of a police state yet.
His searches were only discovered via his subpoenaed browsing records after the SEC noticed some fishy call activity and then went after him. The result for Mr Yan might end up being the same either way, but the implications for everyone else are much different – if you’re going to look up shady stuff do it in a private browsing window (e.g., no tracking, cookies, etc), and also clear your browsing history, cache, cookies, etc.
One of the best ways to stay under the radar and anonymous is to use TAILS:
https://tails.boum.org/
Yes, I am aware.
Fly, you’re so yesterday insinuating that abusing children is worse than insider trading. This is 2017, the age of liberation, the age of “Heart Progress” movement which is an attempt by pedophiles to gain the respectability and acceptance homosexuals have attained:
https://tinyurl.com/yca9vqx7
That Rabbi was a fake member of the Tribe.
May he choke on his matzoh and eat rotten gefilte fish.
Google “New Haven Rabbi” and “mole$tation” and see what comes up. Another outstanding citizen.
Nope, apparently that Rabbi was NOT a fake member of the Tribe. Nice try there dear neighbor:
Chinn, a native of Israel, finished high school, and had been a teacher at the school and involved in the National Council of Synagogue Youth. Though commonly referred to as a rabbi, he is not ordained.
Not fake and many are pedos. Take a look at your average rabbi. You can spot pedo rabbis from miles away. Easier than spotting a flaming homo
No worries, neighborly Steve is unsuccessfully trying to deflect from the true and fake rabbis’ taste for boys’ penises. (((They))) even have a fancy name for it, get this, they call it metzitzah b’peh, or MBP, which some ultra-Orthodox mohels, or ritual circumcisers, say is an essential component of the ancient religious ritual.
https://tinyurl.com/pcnt62g
and then when they get caught infecting babies with herpes while eating their little penises, they have the chutzpah to sue:
https://tinyurl.com/y9l4y4m2
but hey, that’s who (((they))) are and goyim are just supposed to be ok with it.
I wonder how much in SEC resources was spent on catching this villain. I’d say way over $120k. Great system guys.
Valid point..the idea here however appears to be prevention and deterrence…that’s why so much excessive publicity of this petty, victimless, offense.