This year he was charged with insider trading of Ubiquiti stock. He is now a fugitive as Taiwan does not have an extradition treaty with the US. https://www.sec.gov/litigation/litreleases/2017/lr23862.htm

Synopsys develops software applications for the semiconductor industry. It is the leading company by sales in the Electronic Design Automation industry. Ubiquiti met with Synopsis to license Synopsis software all the while Ubiquiti was counterfeiting licenses and using hacker websites to circumvent payment.

This was perpetrated by senior management especially Ching-Han Tsai

According to the lawsuit:

“Ubiquiti and its Hong Kong unit, Ubiquiti International Ltd., have used counterfeit keys at least 39,000 times with 15 different usernames, circumventing Synopsys’ license key access control system, according to the suit. Tsai personally used a counterfeit key to work around the paid system at least 66 times, Synopsys said.”

The Synopsis lawsuit gives us insight into corporate ethics from the top down.

The mysterious case of the missing money

In 2015, in an often forgotten story, Ubiquiti reported it had lost $46 million of company cash. How did the company not even realize that $46 million was missing from the company? Why did the FBI have to inform the company that it had been “robbed”? Who is minding the ship?

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Citron believes Ubiquiti story is unraveling as we write!

Next month Robert Pera’s option to buy the remaining part of the Memphis Grizzlies that he does not own expires if not exercised. If he chooses to complete the transaction (and he has never given any public indication that he will not), he will need over $200 million for which he will have to tap into his stock and the NBA will have to approve it. We believe that the NBA will take a more detailed look at the financial stability of Mr. Pera.

On the other hand, if Pera does not exercise his option, this would be another pretty good indication that Mr. Pera’s “game” is in the fourth quarter and time is running out.

Ubiquiti has become a “company on the run”