← Fan Yang and Jing Tianreviewed 2026-10-27 · 10 claims checked
Fact-check findings
What an automated fact-checker found when it re-read Fan Yang and Jing Tian against the sources the page cites. Only the most recent review is shown.
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These findings are produced by an automated reviewer, and its results vary between runs: the same page, checked three times on the same day, came back with 15%, 20% and 34% of its claims disputed, mostly because each run extracted a different number of claims. Treat what follows as leads, not rulings.
“Disputed” means the reviewer could not reconcile the claim with the evidence it cited. It does not mean the claim is false. “Unverifiable” means no reachable source settled it either way.
Nothing here changes the page on its own. A proposed correction is applied only after a human moderator approves it; until then the page reads as it did when reviewed.
unverifiable
1 claimNo source the reviewer could reach confirms or contradicts the claim.
- #4[unverifiable][awaiting moderator]in section: Guilty Plea to Securities Fraud Conspiracy
“with U.S. Attorney Jeanine Ferris Pirro announcing the plea”
reviewerU.S. Attorney Jeanine Ferris Pirro announced the plea.DOJ page could not be read, so the named announcer is unchecked.
link rot
1 claimA cited source no longer resolves or no longer says what the page attributes to it.
- #2[link rot][awaiting moderator]in section: Guilty Plea to Securities Fraud Conspiracy
“https://www.congressheightsontherise.com/blog/husband-and-wife-plead-guilty-insider-trading-scheme”
reviewerSection 1 cites a Congress Heights URL that does not resolve.Typo'd URL returns 404; the correct URL is used elsewhere on the page.Proposed correction (not yet applied)https://www.congressheightsontherise.com/blog/husband-and-wife-plead-guilty-to-insider-trading-scheme
confirmed
8 claimsThe cited evidence supports the claim as written.
- #1[confirmed][no action needed]in section: Guilty Plea to Securities Fraud Conspiracy
“On September 15, 2026, Fan Yang (also known as 'Jocelyn Yang'), 35, and Jing Tian, 36, both of Carmel, Indiana, pleaded guilty before U.S. District Judge James E. Boasberg in the District of Columbia to conspiracy to commit securities fraud.”
reviewerYang and Tian, 35 and 36, pleaded guilty on September 15, 2026 before Judge Boasberg to conspiracy to commit securities fraud, agreeing to forfeit traceable profits, with a five-year maximum.Confirmed via the news republication of the DOJ release and search snippets of the DOJ page. - #3[confirmed][no action needed]in section: Guilty Plea to Securities Fraud Conspiracy
“A parallel civil action was filed by the Securities and Exchange Commission on September 28, 2026 (SEC v. Fan 'Jocelyn' Yang, et al., No. 1:26-cv-03366, D.D.C.), in which Yang and Tian consented to final judgments permanently enjoining future violations of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5, with civil penalty amounts to be determined later by the court.”
reviewerSEC filed a parallel civil action on September 28, 2026, No. 1:26-cv-03366, and Yang and Tian consented to injunctions, with penalties to be set by the court.Matches the SEC release. - #5[confirmed][no action needed]in section: The Underlying Scheme: Corporate Position and Alleged Exploitation of Material Non-Public Information
“The deal was publicly announced on February 22, 2022, after which Meritor's stock price rose sharply.”
reviewerSEC role descriptions, deal size and announcement date.Consistent across sources. - #6[confirmed][no action needed]in section: The Underlying Scheme: Corporate Position and Alleged Exploitation of Material Non-Public Information
“In one WeChat message cited by prosecutors, Yang allegedly wrote to Tian: 'If the acquisition is completed with 3.5b, we can get a Tesla. Trade in and don't need a loan, haha.'”
reviewerTesla WeChat quote and Chinese-language messaging.Verbatim match. - #7[confirmed][no action needed]in section: Network of Tippees and Alleged Co-Conspirators
“Zijun Zhang ($143,034 disgorgement, $12,882 prejudgment interest, $143,034 penalty); Shuchen Zhu ($172,366 disgorgement, $119,191 penalty, plus a bar from acting as or being associated with a broker, dealer, or investment adviser); Chong Zhang ($146,253 disgorgement, $48,751 penalty); and Hanxiong Bo ($38,955 disgorgement, $3,508 prejudgment interest, $38,955 penalty).”
reviewerFour additional defendants and their disgorgement, interest and penalty figures.Figures match the SEC release exactly. - #8[confirmed][no action needed]in section: Indictment and Prosecution Timeline
“Fan Yang and Jing Tian were arrested on Tuesday, December 9, 2025, on an indictment unsealed in the U.S. District Court for the District of Columbia, each facing two counts of conspiracy to commit securities fraud.”
reviewerArrest on Dec 9, 2025, two counts, ages 39 and 37 in news coverage.Case number 25cr0369 not verified (DOJ indictment page unreadable), but the page hedges it as reported. - #9[confirmed][no action needed]in section: Pending Sentencing
“are scheduled to be sentenced on January 15, 2027, before Judge James E. Boasberg”
reviewerSentencing set for January 15, 2027; no sentence yet.No sentencing outcome found as of review date. - #10[confirmed][no action needed]in the summary
“No reliable source reviewed connects either individual, or the underlying scheme, to cryptocurrency.”
reviewerNo crypto connection.Consistent with the sources read.
How this fits together. The reviewer reads the published page and its cited sources and records one finding per claim. A human moderator decides whether each proposed correction is applied; those decisions, and the score changes they cause, appear in the audit log. Earlier review runs are not shown here; only the latest reflects the page as it stands.