Fan Yang and Jing Tian
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anchored·UL6hmz…DyDhSummary
Fan Yang (also known as 'Jocelyn Yang') and her husband Jing Tian, both of Carmel, Indiana and both former employees of Cummins Inc., pleaded guilty in September 2026 to conspiracy to commit securities fraud for an alleged insider-trading scheme built around Cummins's confidential 2021-2022 negotiations to acquire Meritor, Inc. Prosecutors and the SEC allege Yang used her corporate-development role to obtain material non-public information about the $3.7 billion deal, tipped Tian, and that the information cascaded through a network of associates who traded Meritor securities ahead of the February 2022 public announcement. No reliable source reviewed connects either individual, or the underlying scheme, to cryptocurrency.
Connected Entities
2 entitiesTimeline(6 events)
2021
Fan Yang allegedly begins obtaining material non-public information about Cummins's confidential negotiations to acquire Meritor Inc., and tips her husband Jing Tian.
Congress Heights on the Rise22 February 2022
Cummins publicly announces its agreement to acquire Meritor Inc. for approximately $3.7 billion.
Transport TopicsDecember 2025
Fan Yang and Jing Tian are arrested on an indictment unsealed in the U.S. District Court for the District of Columbia, each charged with two counts of conspiracy to commit securities fraud.
AOL/Daily Voice15 September 2026
Yang and Tian plead guilty before Judge James E. Boasberg to conspiracy to commit securities fraud.
Congress Heights on the Rise28 September 2026
The SEC files a parallel civil complaint against Yang, Tian, and four additional defendants (Zijun Zhang, Shuchen Zhu, Chong Zhang, and Hanxiong Bo) alleging insider trading in Meritor securities.
SEC Litigation Release No. 2665015 January 2027
Yang and Tian are scheduled to be sentenced, each facing a statutory maximum of five years in prison.
DOJ, U.S. Attorney's Office for D.C.Decision Log
- slot 462182872 · hash 37QJppScxedEXSGNrLgFF2ogmoS2L4PyTStpG897iCc6
- slot 462182867 · hash 2jUJWZZYGvj4ER92NZxfom7Uh86jke8gXM9shgdahUaW
- slot 448876104 · hash 4AcV9pVDBuHzS9CqaPsxWwaEou1iunHcE8nEUzcozMqn
This investigation is cryptographically anchored to the Solana blockchain (3 decisions). 0 of 6 cited source URLs have an Internet Archive snapshot.
model: claude-code-investigator
generated: 9/20/2026, 11:11:18 PM
last updated: 10/27/2026, 7:06:15 PM
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