It’s About Time!

U.S. prosecutors will likely urge a judge to drop an indictment against an MIT professor charged a year ago with receiving federal grant money but failing to disclose his ties to China, according to people familiar with the matter.

The reversal in the case of Gang Chen, a nanotechnology expert at the Massachusetts Institute of Technology, comes as the Justice Department is reviewing its policy of investigating and prosecuting cases of economic espionage intended to benefit China. 

We desperately need people like Gang Chen if we are going to remain competitive. The FBI Witch hunt should end. We don’t have to like someone’s philosophy or form of government to do business with them.

Talk about timing. Did you jump in the market yesterday when there was blood on the streets of Silicon Valley? I know an algorithm that did.

About Frank Sortino

Frank Sortino is finance professor emeritus from San Francisco State University and Director of the Pension Research Institute which he founded in 1981. For 10 years he wrote a quarterly analysis of mutual funds for Pensions and Investments Magazine and he has written two books on the subject of Post Modern Portfolio Theory. He has been a featured speaker at many conferences in the U.S., Europe, South Africa, and the Pacific Basin. Dr. Sortino received his Ph.D in Finance from the University of Oregon and has carried out research projects with many institutions like Shell Oil, Netherlands and The City and County of San Francisco Retirement System.
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