Judge approves extradition of Singaporean wanted by the US for links to global insider trading ring
The individual, Ge Zhi, faces six charges of securities fraud and money laundering in the US
A Singaporean man, Ge Zhi, has been approved for extradition to the US to stand trial for his involvement in a global insider trading ring. Judge Cheng Yuxi ruled that Ge faces six charges of securities fraud and money laundering, and he is currently committed to prison awaiting his surrender to US authorities. The extradition process followed a two-year legal battle with Ge making multiple attempts to delay the proceedings.
The FBI affidavit presented in August 2026 detailed the evidence against Ge, revealing that he was recruited by individuals in Paris in 2016 to run an insider trading scheme using non-public information. Ge and his associates used burner phones, coded language, and encrypted messaging apps to evade detection. They recruited investment bankers and corporate insiders to share inside information on publicly traded companies, which they used for trading.
Kickbacks were reportedly given to Ge and his co-conspirators for providing this information. Despite facing delays due to Ge's requests for more time, the court process concluded as the judge determined that Ge's behavior was a result of his unwillingness to cooperate with the proceedings.
Written by urgent.news from The Business Times - Singapore's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
