Court: Star Chinese investor pleads guilty in stock case
Corporate Governance
A Chinese court says a star securities trader who was arrested following last year's stock market collapse has pleaded guilty to insider trading and manipulating share prices.
The court in the eastern city of Qingdao said in a statement Tuesday that Xu Xiang and two co-defendants pleaded guilty at the start of a trial but no verdict had been issued.
Xu was arrested in November after a rapid rise in Chinese share prices collapsed. Top executives of China's biggest state-owned securities firm also were arrested in a separate case.
The court statement said Xu and his co-defendants were accused of conspiring with executives of 13 companies from 2010 to 2015 to inflate their share price and then sell.
Related listings
-
World financial markets welcome court ruling against Trump's tariffs
Corporate Governance 05/30/2025Financial markets welcomed a U.S. court ruling that blocks President Donald Trump from imposing sweeping tariffs on imports under an emergency-powers law.U.S. futures jumped early Thursday and oil prices rose more than $1. The U.S. dollar rose agains...
-
Giuliani says he's a victim of 'political persecution' as he's told again to give up assets
Corporate Governance 11/06/2024A defiant Rudy Giuliani was ordered Thursday to quickly turn over prized assets including a car and a watch given to him by his grandfather as part of a $148 million defamation judgment, leading the former New York City mayor to emerge from court say...
-
Prosecutors seek from 40 to 50 years in prison for Sam Bankman-Fried
Corporate Governance 03/14/2024FTX founder Sam Bankman-Fried’s orchestration of one of history’s largest financial frauds in his quest to dominate the cryptocurrency world deserves a prison sentence of 40 to 50 years, federal prosecutors on Friday told a federal judge....
New Rochelle, New York Personal Injury Lawyers
If you or a loved one has been injured in an accident, contact Kommer, Bave & Ollman, LLP, in New Rochelle, New York, immediately. We can answer all your questions and work with you to determine if you have the grounds for a personal injury lawsuit. The attorneys at our firm are determined to resolve even the most difficult of cases. We will work closely with you to determine the best course of action to get your claim or case resolved in the most efficient way possible. We will fight for your right to compensation! No one should have to suffer a financial burden from the result of another person’s carelessness. The attorneys at Kommer, Bave & Ollman, LLP will aggressively fight to ensure that justice is served on your behalf.