Charges Raised Against Insider Trader Who Earned 14 Million

Charges Raised Against Insider Trader Who Earned 14 Million

A PhD dubbed the “market god” is to be prosecuted for insider trading which he used to make a 14.7 million RMB profit in 10 days. Lin Pingzhong, who formerly taught graduates Capital Market Management at Jimei University in Xiamen, gained knowledge of the asset restructuring of Xiamen Insight Investment Co. Ltd from former pupil Mr. Chen, who was a board member of investment consultant company Power Capital Co. Ltd. Lin used 9,898,000 RMB from accounts of family, friends and students to invest in the company before its shares were suspended. Netizens thought his skills weren’t that godly after all.

Source: Netease

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