An article in the South China Morning Post dated June 30, 1988, showing Stephen Wang, who provided Fred Lee with tips while working at Morgan Stanley. Picture: SCMP
An article in the South China Morning Post dated June 30, 1988, showing Stephen Wang, who provided Fred Lee with tips while working at Morgan Stanley. Picture: SCMP

How one of Wall Street’s biggest insider trading cases was cracked in 1980s Hong Kong

United States’ case against a flamboyant Taiwanese investor made headlines around the world, and began the end of an era when short prison sentences sometimes made financial crime seem like a good bet

An article in the South China Morning Post dated June 30, 1988, showing Stephen Wang, who provided Fred Lee with tips while working at Morgan Stanley. Picture: SCMP
An article in the South China Morning Post dated June 30, 1988, showing Stephen Wang, who provided Fred Lee with tips while working at Morgan Stanley. Picture: SCMP
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