HKU Expert Arrested In The US Over Fraud

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2018-02-22 HKT 12:42

Share this story

facebook

  • Ning Xi is listed as a director of the Emerging Technologies Institute of the University of Hong Kong. Photo courtesy: HKU

    Ning Xi is listed as a director of the Emerging Technologies Institute of the University of Hong Kong. Photo courtesy: HKU

A director of the Emerging Technologies Institute of the University of Hong Kong, Ning Xi, has been arrested in the United States on suspicion of defrauding Michigan State University out of hundreds of thousands of dollars.

Xi also is accused of defrauding the Institute of Electrical and Electronics Engineers, a professional organisation.

The FBI said it had counted more than US$420,000 in fraudulent reimbursements over a five-year period. Records show the money was used to pay off substantial credit card debt.

Xi, who was the former director of Michigan State's Robotics and Automation Laboratory, was arrested last week near the Michigan State campus. He appeared in federal court on Wednesday and remains in custody. His attorneys declined to comment. (AP)

RECENT NEWS

Macau Pass Launches MPay Tap! Across Macao

Macau Pass, in partnership with Alipay, launched its MPay Tap! service across Macao on 1 December, offering a “tap to... Read more

China And Vietnam Begin Cross-Border QR Payment Pilot

UnionPay International (UPI) and the National Payment Corporation of Vietnam (NAPAS) have launched a pilot programme fo... Read more

How A Second Chance Led To Indonesias Largest E-Wallet | Vince Iswara, Co-Founder, DANA

From navigating ‘irrational’ market incentives to achieving operational profitability, DANA CEO Vince Iswara breaks... Read more

RedotPay Partners With Ripple To Launch NGN Crypto Payouts

RedotPay has partnered with Ripple to expand its stablecoin payment capabilities. Concurrently, RedotPay is launching i... Read more

5 Stories That Shaped Hong Kongs Fintech Scene In 2025

2025 has undeniably been the year Hong Kong’s fintech ecosystem began swimming in the deep end. From the enforcement ... Read more

NongHyup Bank Pilots Blockchain Cross-Border Payments

South Korea’s NH NongHyup Bank has completed a pilot of blockchain-based cross-border payments using Partior’s bloc... Read more