Two Robinhood Engineers Charged With Fraud

MT Newswires Live

3 hours ago

Two Robinhood Markets (HOOD) engineers were charged with commodities fraud and wire fraud, US Attorney for the Southern District of New York Jamie McDonald and FBI New York Field Office Assistant Director James Barnacle, Jr. said Tuesday.

The two engineers, Hefu Chai and Huaisong Xiang, allegedly participated in a scheme to misappropriate confidential business information from Robinhood to trade perpetual futures on a decentralized derivatives exchange, the officials said.

"Robinhood takes market integrity seriously and has zero tolerance for insider trading. We have robust insider trading policies and procedures in place, including for new crypto listings. We immediately investigated and reported this matter to law enforcement and regulators, and will continue to cooperate with their investigations," a company spokesperson said in an email to MT Newswires.

Price: 110.68, Change: -3.65, Percent Change: -3.19

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We have robust insider trading policies and procedures in place, including for new crypto listings. We immediately investigated and reported this matter to law enforcement and regulators, and will continue to cooperate with their investigations,\" a company spokesperson said in an email to MT Newswires.</p><p>Price: 110.68, Change: -3.65, Percent Change: -3.19</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Two Robinhood Engineers Charged With Fraud</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTwo Robinhood Engineers Charged With Fraud\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-09-16 01:22</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Two Robinhood Markets (HOOD) engineers were charged with commodities fraud and wire fraud, US Attorney for the Southern District of New York Jamie McDonald and FBI New York Field Office Assistant Director James Barnacle, Jr. said Tuesday.</p><p>The two engineers, Hefu Chai and Huaisong Xiang, allegedly participated in a scheme to misappropriate confidential business information from Robinhood to trade perpetual futures on a decentralized derivatives exchange, the officials said.</p><p>\"Robinhood takes market integrity seriously and has zero tolerance for insider trading. We have robust insider trading policies and procedures in place, including for new crypto listings. We immediately investigated and reported this matter to law enforcement and regulators, and will continue to cooperate with their investigations,\" a company spokesperson said in an email to MT Newswires.</p><p>Price: 110.68, Change: -3.65, Percent Change: -3.19</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2667262993","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2667262993","pubTimestamp":1789492928,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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We immediately investigated and reported this matter to law enforcement and regulators, and will continue to cooperate with their investigations,\" a company spokesperson said in an email to MT Newswires.Price: 110.68, Change: -3.65, Percent Change: -3.19","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"两名 Robinhood 工程师被控欺诈","themeId":null,"isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/3225d826eac75c9762ef8f06777fa91f","symbols_score_info":{"HOOG":0.6,"IAI":0.6,"HOOW":0.6,"CRPT":0.6,"HOOC":0.6,"HOOI":0.6,"HOOY":0.6,"ROBN":0.6,"BLCK":0.6,"BPAY":0.6,"HOOX":0.6,"HODU":0.6,"FINX":0.6,"HOOZ":0.6,"HOII":0.6,"HOOD":1.96,"HOYY":0.6},"content_text":"Two Robinhood Markets (HOOD) engineers were charged with commodities fraud and wire fraud, US Attorney for the Southern District of New York Jamie McDonald and FBI New York Field Office Assistant Director James Barnacle, Jr. said Tuesday.The two engineers, Hefu Chai and Huaisong Xiang, allegedly participated in a scheme to misappropriate confidential business information from Robinhood to trade perpetual futures on a decentralized derivatives exchange, the officials said.\"Robinhood takes market integrity seriously and has zero tolerance for insider trading. We have robust insider trading policies and procedures in place, including for new crypto listings. We immediately investigated and reported this matter to law enforcement and regulators, and will continue to cooperate with their investigations,\" a company spokesperson said in an email to MT Newswires.Price: 110.68, Change: -3.65, Percent Change: -3.19","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}