American prosecutors have charged the founder of a private equity firm with ties to the Chinese state with insider trading related to the firm’s blocked acquisition of Lattice Semiconductor Corp.
Authorities say Benjamin Chow, a Chinese-born US citizen, founder of Canyon Bridge Capital Partners conspired to commit securities fraud by passing on nonpublic information “through in-person meetings, voice messages, and text exchanges” regarding his firm’s potential acquisition of Lattice to a business associate and friend
A February indictment by the US Securities and Exchange Commission named Mr Chow’s associate and friend as Michael Yin, a Chinese hedge fund manager who is facing separate charges of insider trading.
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