ARNOLD F. SOCK, Attorney At Law Opines On: Private Equity Firm Partner Convicted Of Insider Trading In Lattice Bid (United States of America v. Chow (1:17-cr-00667))
The co-founder and partner of a Chinese-backed private equity firm was found guilty in New York federal court Tuesday of one count of conspiracy to commit securities fraud and seven counts of securities fraud over insider trading related to the attempted $1.3 billion acquisition of Lattice Semiconductor Corp.(United States of America v. Chow (1:17-cr-00667))
Each of the fraud convictions now facing Benjamin Chow, 45, carries a maximum sentence of 20 to 25 years in prison, along with up to five years in prison for the conspiracy charge and fines. Insider trading and tipping information is a terrible violation of the law and the need for orderly markets in equities.
Opinion by ARNOLD F. SOCK, Attroeny at Law