Wang Jiali, a Chinese citizen living in the greater Boston metropolitan area, was tried for multi-year stock market manipulation conspiracy by U.S. District Court for Massachusetts on Dec. 1. Wang was accused of leading and participating “in a sophisticated market manipulation scheme aimed at the U.S. securities markets that was perpetrated primarily from China,” which…
A Chinese Man Sentenced in Massachusetts for Stock Market Manipulation Conspiracy
Chinese Man Sentenced in US Court for Stock Market Manipulation Conspiracy
A Chinese citizen living in the Boston metropolitan area was sentenced recently in federal court in Massachusetts after pleading guilty to one count of conspiracy to commit securities fraud, officials announced. Wang Jiali, 44, of Weymouth, was sentenced to time served (three months in prison) and nine months of home detention, and was ordered to forfeit $7.75…
Robinhood Must Face Market Manipulation Claims Over ‘Meme Stock’ Rally, Judge Rules
Stock trading platform Robinhood Markets Inc. must face market manipulation claims over restrictions it placed on trading during last year’s “meme stock” rally, a U.S. judge ruled on Thursday. U.S. District Court Judge Cecilia Altonaga in Miami said in the ruling that investors in GameStop Corp., AMC Entertainment Holdings Inc. and seven other stocks can…
Sun Lijun Involved in Financial Coup, Has Arsenal of Firearms
Analysis Beijing officially charged Sun Lijun, a former deputy minister of Public Security, with accepting bribes, manipulating the market, and illegal possession of firearms. An expert explains what these abnormal charges entail. Sun was under investigation by the National Supervisory Commission, the regime’s anti-corruption watchdog, in April 2020. While accepting bribes is a typical charge…
Half of Listed Chinese Companies Might Manipulate Their Stock Prices: Fund Manager
A renowned Chinese equity fund manager revealed details of a listed company manipulating its stock price, and said half of the Chinese listed companies are involved in similar violations. On May 16, the Chinese regime announced it was investigating the issue. “In recent years, lawbreakers have used shareholding, capital, information, and technological advantages to conspire…
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