Hong Kong tycoon Thomas Lau, the chairman and CEO of shopping-mall company Lifestyle, has been put on trial twice for insider trading. In 1999 he was cleared of all charges, but in 2006 he was forced to pay $3.9 million to the Chinese government and step down as chairman of the board of Chinese Estates Holdings, his brother Joseph’s real-estate company. (Joseph is also included on the ARTnews Top 200.)
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