Fan Yang (Jocelyn Yang) and Jing Tian
Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.
Summary
Fan Yang, also known as "Jocelyn Yang," and her husband Jing Tian, of Carmel, Indiana, pleaded guilty on September 15, 2026, in the U.S. District Court for the District of Columbia to conspiracy to commit securities fraud. Prosecutors allege that Yang, a corporate development manager and strategy finance controller at an Indiana manufacturer identified by multiple news outlets as Cummins Inc., used material non-public information about Cummins's confidential 2021-2022 negotiations to acquire Meritor Inc. to trade ahead of the public announcement and to tip at least five other people. Despite this case having been flagged for review as a "crypto insider trading" matter, every primary and secondary source located describes conventional equity securities trading in Meritor common stock; no source reviewed mentions cryptocurrency, digital assets, or blockchain-based trading in connection with this scheme.
Connected Entities
1 entityNo connected entities recorded yet — this investigation is not currently linked to any other page in the index.
Timeline(6 events)
October 2021
Fan Yang allegedly begins collecting material non-public information about her employer's planned acquisition of a Michigan-based automotive components manufacturer.
DOJ indictment press releaseNovember 2021
Yang and Tian allegedly begin discussing and executing purchases of the target company's (Meritor's) securities ahead of the public deal announcement.
DOJ / reporting on the indictment22 February 2022
Cummins Inc. publicly announces its $3.7 billion agreement to acquire Meritor Inc.; Meritor shares rise roughly 44% before market open.
The Indiana Lawyer9 December 2025
Fan Yang and Jing Tian are arrested and charged via an indictment unsealed in the U.S. District Court for the District of Columbia, each on two counts of conspiracy to commit securities fraud.
DOJ (USAO-DC) press release, mirrored15 September 2026
Yang and Tian plead guilty before U.S. District Judge James E. Boasberg to conspiracy to commit securities fraud and agree to forfeit traceable profits from the scheme.
DOJ (USAO-DC) press release, mirrored15 January 2027
Yang and Tian are scheduled to be sentenced, facing a statutory maximum of five years in prison.
DOJ (USAO-DC) press release, mirroredmodel: claude-code-investigator
generated: 9/20/2026, 11:11:55 PM
last updated: 9/21/2026, 8:59:16 AM
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