1 year ago
Taiwan prosecutors privation Chang Tung-ying, main spouse astatine JPEX's bureau successful Taiwan, to beryllium held successful custody implicit alleged fraud.
The saga of the imploded cryptocurrency speech JPEX continues to make arsenic Taiwan prosecutors person reportedly recovered caller alleged suspects.
The Taipei District Prosecutors Office (TDPO) requested Chang Tung-ying, the main spouse astatine JPEX’s bureau successful Taiwan, to beryllium held successful custody implicit alleged fraud, the section TV transmission TVBS News reported connected Nov. 9.
Taipei prosecutors reportedly searched 9 locations related to the JPEX probe and summoned Chang and 3 different alleged suspects. The authorities identified Chang and JPEX lecturer Shih Yu-sheng (also called Shi Yu) arsenic suspects successful the lawsuit for violating the Banking Act and the Money Laundering Control Act.
Other defendants were released, including JPEX salesperson Liu Chien-fu and Niu Keng-sheng. According to the report, Liu was released connected bail of 50,000 caller Taiwan dollars ($1,550), portion Niu — a registered idiosyncratic successful complaint of JPEX Taiwan — was released aft questioning.
The study besides noted that Nine Chen, a Taiwanese personage and vocalist who erstwhile represented JPEX arsenic a marque ambassador, was besides summoned by prosecutors. Prosecutors reportedly named Nine Chen a suspect aft initially calling him to attest arsenic a witness.
Nine Chen arsenic JPEX marque ambassador. Source: JPEXOnce a palmy crypto exchange, JPEX abruptly halted immoderate services successful mid-September 2023, citing a liquidity situation triggered by “unfair treatment” from respective institutions successful Hong Kong. The abrupt implosion fueled allegations astir JPEX misleading investors by claiming to person applied for a crypto trading licence and different issues.
Related: JPEX ungraded won’t wounded Hong Kong crypto vision: Financial Secretary
JPEX rapidly became the halfway of a large ungraded successful the industry. Hong Kong authorities launched an probe aft receiving implicit 2,000 complaints from JPEX users reporting astir $180 cardinal successful losses. The implosion of JPEX has go a important interest for fiscal regulators successful Hong Kong, Taiwan and different countries, with galore authorities initiating caller measures to support investors from losses owed to akin incidents.
As of Sept. 25, prosecutors arrested astatine slightest 11 alleged suspects successful the JPEX case, portion alleged masterminds were inactive astatine large.
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