United States Attorney’s Office Files Civil Forfeiture Action to Recover Approximately $1.4 Million in Proceeds of Insider Trading Scheme

BOSTON – The United States Attorney’s Office filed a civil forfeiture action to recover $1,413,037 in alleged proceeds of an insider trading scheme seized from a U.S.-based brokerage account held in the name of Zhi Ge, of Singapore. As described in the civil complaint, Ge is alleged to have engaged in and conspired with others to commit securities fraud and was charged in a superseding indictment returned in November 2025 , by a federal grand jury in Boston. The indictment alleges that, from at least in or about November 2016 and continuing to in or about February 2024, Ge conspired with his co-defendants and others known and unknown, to obtain material non-public information (MNPI) about the financial performance and merger-and-acquisition activity of various publicly traded companies, executing securities trades while in possession of that MNPI, and providing that MNPI, in exchange for a percentage of trading profits, to others known and unknown, who traded while in possession of the MNPI. The civil complaint alleges that the seized funds are proceeds traceable to the purchase and sale of call option contracts made by Ge while in possession of MNPI. United States Attorney Leah B. Foley and Ted E. Docks, Special Agent in Charge of the Federal Bureau of Investigation, Boston Field Office made the announcement today. Assistant U.S. Attorney Matthew M. Lyons of the Asset Recovery Unit is prosecuting the civil forfeiture action and Assistant U.S. Attorney Timothy E. Moran is prosecuting the criminal action. The details contained in the civil forfeiture complaint and criminal charging documents are allegations. The defendant is presumed to be innocent of the criminal charges unless and until proven guilty beyond a reasonable doubt in the court of law. verified_complaint.pdf