FDA chemist, son charged with insider trading

[Guest guest]

http://www.businessweek.com/ap/financialnews/D9M948T00.htm

The Associated Press March 29, 2011,

4:43PM

FDA chemist, son charged with insider trading

By ERIC TUCKER

WASHINGTON

A chemist with the Food and Drug Administration and his son are

facing insider trading charges.

Cheng Yi Liang and his son, Liang, were arrested in

land on Tuesday, accused of participating in an alleged

$2.27 million insider trading scheme. A criminal complaint

charges them with conspiracy to commit securities and wire fraud

and other offenses.

Prosecutors say the elder Liang and his son illegally traded in

the securities of companies with pending drug applications by

using confidential information from a password-protected FDA

tracking system. The two allegedly bought cars and paid for

travel with the proceeds of the scheme.

Their lawyers didn't immediately return calls seeking comment.

The FDA says in a statement that it's aware of the arrests and

is cooperating with the investigation.

[Guest guest]

http://www.businessweek.com/ap/financialnews/D9M948T00.htm

The Associated Press March 29, 2011,

4:43PM

FDA chemist, son charged with insider trading

By ERIC TUCKER

WASHINGTON

A chemist with the Food and Drug Administration and his son are

facing insider trading charges.

Cheng Yi Liang and his son, Liang, were arrested in

land on Tuesday, accused of participating in an alleged

$2.27 million insider trading scheme. A criminal complaint

charges them with conspiracy to commit securities and wire fraud

and other offenses.

Prosecutors say the elder Liang and his son illegally traded in

the securities of companies with pending drug applications by

using confidential information from a password-protected FDA

tracking system. The two allegedly bought cars and paid for

travel with the proceeds of the scheme.

Their lawyers didn't immediately return calls seeking comment.

The FDA says in a statement that it's aware of the arrests and

is cooperating with the investigation.

[Guest guest]

http://www.businessweek.com/ap/financialnews/D9M948T00.htm

The Associated Press March 29, 2011,

4:43PM

FDA chemist, son charged with insider trading

By ERIC TUCKER

WASHINGTON

A chemist with the Food and Drug Administration and his son are

facing insider trading charges.

Cheng Yi Liang and his son, Liang, were arrested in

land on Tuesday, accused of participating in an alleged

$2.27 million insider trading scheme. A criminal complaint

charges them with conspiracy to commit securities and wire fraud

and other offenses.

Prosecutors say the elder Liang and his son illegally traded in

the securities of companies with pending drug applications by

using confidential information from a password-protected FDA

tracking system. The two allegedly bought cars and paid for

travel with the proceeds of the scheme.

Their lawyers didn't immediately return calls seeking comment.

The FDA says in a statement that it's aware of the arrests and

is cooperating with the investigation.

[Guest guest]

http://www.businessweek.com/ap/financialnews/D9M948T00.htm

The Associated Press March 29, 2011,

4:43PM

FDA chemist, son charged with insider trading

By ERIC TUCKER

WASHINGTON

A chemist with the Food and Drug Administration and his son are

facing insider trading charges.

Cheng Yi Liang and his son, Liang, were arrested in

land on Tuesday, accused of participating in an alleged

$2.27 million insider trading scheme. A criminal complaint

charges them with conspiracy to commit securities and wire fraud

and other offenses.

Prosecutors say the elder Liang and his son illegally traded in

the securities of companies with pending drug applications by

using confidential information from a password-protected FDA

tracking system. The two allegedly bought cars and paid for

travel with the proceeds of the scheme.

Their lawyers didn't immediately return calls seeking comment.

The FDA says in a statement that it's aware of the arrests and

is cooperating with the investigation.