Canyon Bridge founder Zhou Bin in the United States accused securities fraud

The US prosecutor sued a founder of a private equity firm that had a relationship with Chinese state capital because he was involved in an insider deal with the company's acquisition of Lattice Semiconductor Corp. The acquisition was halted The

The US authorities said Benjamin Chow, founder of Canyon Bridge Capital Partners, was conspiring to commit securities fraud, 'a personal meeting, voice message and text exchange' to one of his business partners and friends about Canyon Bridge may acquire Lattice Semiconductor's nonpublic information.

The Securities and Futures Commission (SEC) filed a complaint in February that Zhou Bin's business partner and friend, Yin Yin, a manager of a Chinese hedge fund, also faces other insider trading allegations.

New York Southern District (Southern District of New York) Acting Federal Prosecutor and the United States Federal Bureau of Investigation (FBI) issued a statement that Yin Shaohua Lattice Semiconductor conducted a series of favorable transactions on their own, profit 5 million US dollars.