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Security and Exchanges Commission

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Mass Man Who Made Millions Manipulating Stocks Must Repay Money, Serve House Arrest: Feds Mass Man Who Made Millions Manipulating Stocks Must Repay Money, Serve House Arrest: Feds
Mass Man Who Made Millions Manipulating Stocks Must Repay Money, Serve House Arrest: Feds A Chinese national who lives in Weymouth that investigators said led a group of traders accused of making more than $37 million through a stock manipulation scheme must repay the money he bilked, federal authorities announced.  Jiali Wang, 44, was sentenced this week to time served (three months in prison) and nine months of house arrest, and he must forfeit $7.75 million in illicit proceeds from the scam after he pleaded guilty to conspiracy to commit securities fraud earlier this year, the US Attorney's Office said.  The Security and Exchanges Commission alleged that Wang led 17…

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by Josh Lanier