• Chemist Sentenced to Prison for Insider Information

    A chemist formerly employed by the US Food and Drug Administration (FDA) was sentenced 5 March to five years in prison after using insider information to earn $3.78 million , reports Bloomberg . The chemist, Cheng Yi Liang, formerly of FDA's Center for Drug Evaluation and Research (CDER), pled guilty last year to one count of securities fraud and one count of making false statements. According to court document, Liang used his position inside FDA to make trades based...