Former FDA Chemist Charged by SEC With Insider Trading, Case Gets Another Charge of Child Pornography Against His Son Who Was a Co-conspirator

I guess the son didn’t think twice about combining inside trading efforts and child pornography on the same computer as that’s when it was found by authorities who confiscated his MAC. Child pornography doesn’t mix with any kind of business for sure, so as the article states he will also have to register as a sex offender if proven guilty. BD

SEC Files Lawsuit Against FDA Chemist for Insider Trading Violations

Liang was charged today in federal court in Maryland with one count of possessing child pornography. The government asked that Liang forfeit a MacBook laptop computer seized at his Gaithersburg, Maryland home during raids by the Federal Bureau of Investigation in March and April.

Prosecutors charged the Liangs in March with conspiracy, wire fraud and securities fraud. The maximum penalty for the fraud charges is 20 years in prison.

The insider-trading case has been postponed because “the parties are near resolution of this matter,” David Salem, assistant U.S. attorney, said in an Aug. 29 filing.

http://www.businessweek.com/news/2011-09-13/fda-insider-trading-defendant-charged-with-child-pornography.html