Federal Court in Illinois Orders Yumin Li and BVI-Based Company Kering Capital Ltd to Pay More than $1.2 Million in a Penalty and Restitution for Prearranged Trading Fraud

The U.S. Commodity Futures Trading Commission (CFTC) announced that the Honorable Sara L. Ellis of the U.S. District Court for the Northern District of Illinois issued an Opinion and Order inding that Yumin Li stole in excess of $300,000 from Li’s former employer by trading the employer’s account noncompetitively against an account belonging to Kering Capital Ltd.