December 14, 2016
Yumin Li was ordered to pay $1.2 million in a judgment ordered by Judge Sara L. Ellis of the United States District Court for the Northern District of Illinois. Li was found to have stolen $300,000 from his former employer by trading the employer’s account noncompetitively against an account belonging to co-Defendant Kering Capital Ltd., a British Virgin Islands company formed by Li’s mother. Li was ordered to pay over $300,000 in restitution to his former employer and $900,000 in a civil monetary penalty. CFTC.
Tagged in: Financial and Investment Fraud,