SCOTT SIMON, HOST:
Fei Yan, a 31-year-old Chinese citizen, was charged with securities fraud this week by the Manhattan U.S. Attorney's Office. Mr. Yan, who worked in a research lab at MIT, is charged with making more than $100,000 in trading options of a Colorado mining company after he allegedly learned details of a merger from his wife. She's a lawyer in the Manhattan office of a London law firm.
At the heart of the complaint filed by prosecutors are the details of several Internet searches Mr. Yan made including, quote, "how SEC detect unusual trade," and, "insider trading with international account." He also allegedly called up an article entitled, "Want to Commit Insider Trading? Here's How Not To Do It," and searched the web for quote, "insider trading causes," and quote, "insider trading options." Fei Yan may or may not be convicted of insider trading. But it's hard to accuse him of being a master criminal mind.
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