Legal Seminar, Chicago, IL

Crime Doesn’t Pay?

• Jun Ying, a former Equifax executive, was sentenced to four months in prison for cashing in stock options as he helped the company deal with a massive breach of consumers’ personal information in 2017. • Ying was charged in March 2018 with trading on inside information about a cyberattack that stole the names, Social Security numbers, addresses and other personal information of more than 145 million people. He pled guilty a year later to one count of securities fraud. • Ying was ordered to forfeit more than $117,000 and pay a $55,000 fine. • Ying also settled a parallel civil case with the SEC, agreeing to pay around $8500 on top of the criminal penalties.