BOSTON — Federal prosecutors have filed a civil forfeiture action seeking to recover $1,413,037 in alleged proceeds from an insider trading scheme that were seized from a U.S.-based brokerage account held by Zhi Ge of Singapore, the U.S. Attorney’s Office announced this week.
According to the civil complaint, Ge is accused of participating in a long-running insider trading conspiracy and was charged in a superseding indictment returned by a federal grand jury in Boston in November 2025.
Prosecutors allege that from November 2016 through February 2024, Ge conspired with co-defendants and others to obtain material nonpublic information (MNPI) concerning the financial performance and merger-and-acquisition activities of publicly traded companies.
The indictment alleges that Ge and his co-conspirators used the confidential information to execute securities trades before the information became public. Prosecutors also allege that Ge shared the nonpublic information with others in exchange for a percentage of the resulting trading profits.
The government is seeking forfeiture of the $1,413,037 seized from the brokerage account as proceeds allegedly derived from the securities fraud scheme.
Quick Facts
- Case: Civil forfeiture action involving alleged insider trading proceeds.
- Amount Sought: $1,413,037.
- Defendant: Zhi Ge, of Singapore.
- Allegations: Securities fraud conspiracy involving material nonpublic information (MNPI).
- Timeframe: November 2016 to February 2024.
- Scheme: Allegedly obtained confidential corporate information, traded on it, and shared it with others for a share of trading profits.
- Status: Civil forfeiture complaint filed; criminal charges remain pending in federal court.