Two workers for the Edgar system from SEC, which are commissioned with insider trade

Justin Chen and Jun Zhen, both from Brooklyn, New York, were charged in a federal complaint with material, not public information about companies such as Purple Innovation Inc., Ondas Holdings Inc., Sigmatron International Inc. and Signing Day Sports Inc.

The public prosecutor says that between March and June 2025, the couple had a program to increase information about these companies, which announced that it had concluded fusion agreements or partnerships, “which led to a significant increase in the stock price of the individual shares of each company”.

The 31 -year -old Chen and the 29 -year -old Zhen bought stocks to the companies before the announcements and sold these shares to a significant profit immediately after the announcement, “said a complaint that was submitted to the Federal Court in Brooklyn.” Overall, Chen and Zhen made a profit of more than 1 million US dollar from their trade. ”

Agents of the Federal Bureau of Investigation arrested and Zhen on Friday evening at John F. Kennedy International Airport when they planned to climb a flight to Hong Kong, said John Martzulli, a spokesman for Nocella.

Chen worked as an Edgar operator and deputy manager, while Zhen worked as an Edgar operator and type set manager, said prosecutor. The two had access to the company’s announcements before they were submitted.

Both men are charged with securities fraud, which contains a prison sentence of up to 25 years, according to the public prosecutor.

Chen and Zhen went to court in front of the US magistrate Vera Scanlon on Saturday before the US judge Vera Scanlon, who was without deposit.

Chris Wright, lawyer of Zhen, and Charles Millioen, a lawyer from Chen, did not return e -mail messages immediately to look for a comment on their customers.