#Newspaper

FBI arrests Arkansas professor on fraud charges over financial ties to China

Simon Ang, 63, a professor and also the director of the High-Density Electronics Center at the University of Arkansas’s department of electrical engineering, has been arrested and charged with wire fraud.

According to a criminal complaint filed against him, Ang had close ties with the Chinese government and Chinese companies. He failed to tell federal authorities about his jobs and payments from these sources when applying for grant money from NASA. Since 2013, Ang’s work received more than $5 million in federal grant money from NASA and other agencies.

This case marks the latest strike by the Justice Department against academics that violate ethics rules for federal grant money by hiding their financial and professional arrangements with China, who runs a number of “talent” programs to attract accomplished scientists and experts from around the world.

Full Article: The Washington Post, (12 May)
https://wapo.st/2ZfJkei

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#ChineseCompanies are delisting from American #StockMarkets, with their value taking a plunge. One Western audit company is facing a massive fine for #Fraud.

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Chinese billionaire Miles Guo has been #Arrested in New York. He is facing 11 charges of #Fraud, including wire fraud, securities fraud, bank fraud, and money laundering.

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