Lie-to-FBI Conviction Stands for Man Acquitted of Insider Trades

A man who made a false statement in an FBI interview during an investigation into his alleged insider trading of Vistaprint securities failed to convince the First Circuit to throw out his conviction.

Charlie Jinan Chen argued that although he was only charged with one false statement, the jury might have convicted him based on another, and that there wasn’t sufficient evidence to show the first false statement was material. But “all of his arguments lack merit,” the U.S. Court of Appeals for the First Circuit said.

Prosecutors accused Chen of using inside information to purchase Vistaprint options ahead ...