Jpex fraud.

A YouTuber who actively promoted JPEX, a cryptocurrency platform that was said to be investigated by the authorities for suspected fraud, was arrested in a police operation that saw six being ...19 Sept 2023 ... ... JPEX warning for allegedly marketing JPEX's products and services to the ... fraudulent or deceptive, or would operate as a fraud or deception;.524. 19th September 2023 – (Hong Kong) The recent JPEX controversy in Hong Kong has highlighted the prevalence of cryptocurrency scams and the lack of consumer protections for victims. JPEX, an unlicensed crypto exchange platform, is at the centre of a major alleged fraud case after the Securities and Futures Commission (SFC) issued a warning ...The implosion of JPEX, which could turn out to be the largest financial fraud in the city's history, has rung alarm bells among local retail investors, creating near-term challenges for virtual ...The JPEX scandal has grown to become one of the largest fraud cases in the country, with over 2,300 victims and losses estimated at over $175 million. 5324 Total views 16 Total shares

Nov 2, 2023 · TLDR. The Hong Kong government remains committed to its Web3 vision despite the recent $165 million scandal involving the crypto exchange JPEX. Following allegations of fraud by over 2,500 Hong Kong residents against JPEX, the Securities and Futures Commission (SFC) is updating its crypto regulations and has initiated efforts with the police to ... Taiwanese Prosecutors Identify New Suspects in JPEX Exchange Fraud Case. Taiwanese prosecutors have identified new suspects in the fraud case surrounding imploded crypto exchange JPEX. The Taipei District Prosecutors Office has requested the custody of Chang Tung-ying, the chief partner at JPEX's Taiwan office, over allegations …JPEX is an unlicensed virtual asset platform that has allegedly caused around HK$1.2 billion (US$154 million) in losses to over 1,600 investors, marking it the largest fraud case in Hong Kong’s history.

Alleged losses in virtual assets in the JPEX saga have reached HK$1.5 billion (US$191.9 million), with the commission coming under fire for what critics said was a slow response to sound the alarm ...Sep 23, 2023 · The ringleaders of Hong Kong’s largest alleged financial fraud are believed to be on the run, while the 11 suspects questioned by local police so far are unlikely to be key players in the ...

Police reportedly told press they had received 1,480 fraud complaints against JPEX, and the related investigation so far totalled around a billion Hong Kong dollars ($128 million). Stoner Cats NFT project declawed for being an unregistered security; Hong Kong wants to be the world's home for virtual assetsAuthorities in Hong Kong and Macau continue to arrest more individuals linked to the scandal-plagued JPEX digital asset exchange.. On September 29, police in Hong Kong and Macau announced four more arrests stemming from the apparent rug-pull by the Dubai-based JPEX, which left over 2,400 Hong Kong-based customers fearing a …Police arrested four men and two women – including the influencers Joseph Lam Chok and Chan Wing-yee – today after receiving 1,408 complaints alleging fraud at JPEX, the force said.Oct 2, 2023 · Authorities in Hong Kong and Macau continue to arrest more individuals linked to the scandal-plagued JPEX digital asset exchange.. On September 29, police in Hong Kong and Macau announced four more arrests stemming from the apparent rug-pull by the Dubai-based JPEX, which left over 2,400 Hong Kong-based customers fearing a combined loss of HKD1.5 billion (US$191.5 million) in assets held on ... Hong Kong police have made three new arrests in the alleged fraud case linked to crypto exchange platform JPEX, as the number of reported victims rose to 2,407 with losses totalling almost HK$1.5 ...

jpex案是一宗主要於香港發生的層壓式 金融騙局 。 綠石數字資產平台（英語： jpex ）自稱是一個成立於2020年、「面向全球」的數字資產加密交易平台，但其於2023年9月被香港證監會點名發表聲明指出多個可疑之處 ，其後有用戶報稱未能從平台提款並報警求助，香港警務處於2023年9月起發起「鐵關行 ...

Oct 22, 2023 · While the JPEX scandal is the city’s largest case of financial fraud, it won’t derail Hong Kong’s cryptocurrency and Web3 ambitions, which are entrenched government objectives.

Oct 22, 2023 · While the JPEX scandal is the city’s largest case of financial fraud, it won’t derail Hong Kong’s cryptocurrency and Web3 ambitions, which are entrenched government objectives. JPEX, once a prominent cryptocurrency exchange in Hong Kong, quietly conducted its operations without a license in Hong Kong’s financial hub. This massive crypto scandal has escalated to HK$1.2 ...The prison sentence for fraud varies depending on the type of fraud committed and the state the fraud was committed in. A misdemeanor conviction can lead to jail time of up to a year, whereas felonies and federal fraud cases can involve yea...JPEX is an unlicensed virtual asset platform that has allegedly caused around HK$1.2 billion (US$154 million) in losses to over 1,600 investors, marking it the largest fraud case in Hong Kong’s history.Sep 19, 2023 · (AP Photo/Louise Delmotte) | Evidence are displayed by police for media after police arrested six people following allegations of fraud at an unlicensed cryptocurrency exchange in Hong Kong, Tuesday, Sept. 19, 2023. (AP Photo/Louise Delmotte) | Taiwanese prosecutors have identified new suspects in the fraud case surrounding imploded crypto exchange JPEX. The Taipei District Prosecutors Office has requested the custody of Chang Tung-ying, the chief partner at JPEX's Taiwan office, over allegations of fraud. Other individuals, including JPEX salespersons and a celebrity brand ambassador ...The recent JPEX scam has sent shock waves through Hong Kong’s cryptocurrency landscape, raising questions about the regulatory framework for the sector and leaving us questioning the city’s ...

The Taipei District Prosecutors Office has detained two individuals connected to the crypto exchange JPEX in relation to an investigation into potential fraud. According to local reports , Chang Tung-Ying, the lead partner at the Taiwan branch of the embattled crypto exchange, and Shi Yu, an academic linked to JPEX, have been arrested on …The JPEX Fraud Case. In September 2023, the SFC accused JPEX of engaging in suspicious practices and making misleading claims about its licensing status. According to the SFC, JPEX actively ...A Hong Kong-based cryptocurrency exchange could be Futbol Club Barcelona’s next shirt sponsor. According to a report by La Vanguardia, the deal could be worth over 60 million Euros a year, a figure that amounts to over $70 million.It has been speculated that DSDAQ is the entity in question, with the crypto-platform reportedly …Web20 Sept 2023 ... Investigators said in a press conference that four men and four women have also been arrested on suspicion of conspiracy to commit fraud. They ...The SFC has referred the case to the police on suspicion of fraud. Hong Kong’s Commercial Crime Bureau is investigating JPEX after SFC’s warning against the crypto firm, according to a police spokeswoman. The SFC reiterates that no entity of the JPEX group is licensed by the SFC or has applied for a licence to operate a virtual asset ...The Hong Kong Securities and Futures Commission (SFC) played a pivotal role in uncovering the fraudulent activities of JPEX. On September 13, 2023, the SFC took the unprecedented step of issuing a public warning against JPEX. This warning explicitly highlighted JPEX’s unlicensed status for cryptocurrency trading activities in Hong Kong.

According to the authorities, the JPEX scandal has become one of the largest fraud cases in Hong Kong, garnering over 2,300 complaints from victims and losses of around $178 million. Hong Kong’s ...Hong Kong police have arrested 30 more people in connection with an alleged fraud scandal surrounding crypto exchange platform JPEX. So far, 2,623 people have come forward as victims in the case ...

Oct 1, 2023 · Oct 1, 2023 – 2.08pm. Share. JPEX, the Hong Kong cryptocurrency exchange which collapsed owing more than $300 million and is the focus of a major fraud operation by the city’s financial ... 24 Sept 2023 ... ... JPEX fraud case are on the run. In one week, complaints have surged from 83 to over 2,000. Once the dust settles, the crypto market will ...However, the masterminds behind the JPEX fraud scandal remain at large, and the Hong Kong police have enlisted the help of Interpol to locate the suspects. According to the authorities, the JPEX scandal has become one of the largest fraud cases in Hong Kong, garnering over 2,300 complaints from victims and losses of around $178 …Despite her alleged involvement in the JPEX fraud case which has affected others such as Bella Lam and her boyfriend, Malaysian-born actress Jacqueline Ch’ng (庄思敏) seems to have no worries. In fact, she's currently having a good time travelling around China. caught her attention and sparked a surprising declaration from her about wanting …Web22 Sept 2023 ... Hong Kong's Biggest Crypto Scam? Influencer Joseph Lam Severs Ties with JPEX · Lam's disassociation with JPEX has raised concerns among investors ...9月13日，證監會點名警告jpex以及「向香港公眾積極推廣jpex的人士和找換店」涉及至少六項可疑經營手法。翌日，jpex宣稱因應證監會聲明而須調整 ...Fewer Hong Kongers want to hold cryptocurrencies after JPEX collapsed on liquidity issues and fraud allegations, a two-phase survey by The Hong Kong University of Science and Technology suggests.4 Oct 2023 ... JPEX Cryptocurrency Scam Unravels Further with Arrests in Hong Kong and Macao ... This unfolding saga, now Hong Kong's largest fraud case, has ...Egon Zehnder Associate Consultant, Oxford MSc Law and Finance, ex-MAS scholar 11moWebPolice arrested four men and two women - including the influencers Joseph Lam Chok and Chan Wing-yee - today after receiving 1,408 complaints alleging fraud at JPEX, the force said.Web

Sep 19, 2023 · Police arrested eight people in connection with investigations into alleged fraud at JPEX, Mak said. Bank accounts with HK$15 million were frozen, and three properties valued at HK$44 million were ...

9月13日，證監會點名警告jpex以及「向香港公眾積極推廣jpex的人士和找換店」涉及至少六項可疑經營手法。翌日，jpex宣稱因應證監會聲明而須調整 ...

Sep 27, 2023 · Hong Kong’s security minister vowed to hunt down the ringleaders of cryptocurrency platform JPEX at the centre of the city’s largest alleged financial fraud as police arrested three more ... What sets JPEX apart is that the unlicensed virtual assets platform continues to issue statements defying local authorities. ... More detail of the HK$1.43 billion fraud leaves no doubt it is a ...WebSep 19, 2023 · Eight people – four men and four women aged 22 to 52 – were arrested on Monday over allegations of conspiracy to defraud linked to crypto exchange JPEX, police said in a joint press conference ... 9 Oct 2023 ... ... JPEX crypto exchange fraud. According to sources cited by Reuters, banks, including Oversea-Chinese Banking Corp Ltd (OCBC), Citigroup, and ...Sep 22, 2023 · The alleged HK$1.3 billion (US$166 million) fraud centred on the JPEX cryptocurrency platform has underscored the importance of a regulatory framework for virtual assets, Hong Kong’s leader has ... 25 Sept 2023 ... ... Scam Leaves Nobody Immune – Mark Cuban's Story September 21, 2023; MTI Scam – Massive Fraud Scheme Revealed September 11, 2023; Kroll Data ...While JPEX claims it applied for a license to operate as a regulated platform, the SFC, for its part, refuted the news ad said it has been probing the platform on suspicion of fraud since 2022. In response to critics, the regulator will publish lists of licensed virtual assets trading platforms (VATPs), those in the application process , as well as those that are no longer …WebPolice arrested eight people in connection with investigations into alleged fraud at JPEX, Mak said. Bank accounts with HK$15 million were frozen, and three properties valued at HK$44 million were ...Oct 12, 2023 · The JPEX cryptocurrency platform is at the centre of a growing HK$1.57 billion (US$200.7 million) financial scandal involving 2,569 victims. At the press conference organised by lawmaker and tech ... On Sept. 21, local news outlets reported that Hong Kong police had arrested 11 individuals linked to troubled cryptocurrency exchange JPEX on charges of fraud and operating an unlicensed virtual ...

The Taipei District Prosecutors Office requested JPEX Taiwan’s chief partner, Chang Tung-ying, to be held in custody over an alleged fraud case related to the cryptocurrency exchange. The prosecutors identified both Chang and JPEX lecturer Shih Yu-sheng as suspects for violating the Banking Act ...The JPEX scandal, which is suspected to have ensnared at least 2,305 victims involving about HK$1.43 billion (US$182 million) of investments, has dealt a heavy blow to public trust in ...The JPEX Scandal: An Overview. Hong Kong’s financial authorities are currently probing allegations of massive fraud against JPEX, a cryptocurrency trading platform. The investigation was instigated following investor complaints regarding losses that total up to HK$1.3bn ($166m; £134m). Eleven individuals, including several prominent ...Instagram:https://instagram. top etfs for 2023the best forex brokerharley davidson insurance apptsly stocktwits 12 Sept 2023 ... ... fraudulent or deceptive, or would operate as a fraud or deception (Note 6). Under section 53ZRG of the AMLO, a person commits an offence if ... wayfait stockhedge fund rankings Sep 13, 2023 · JPEX is a VATP operating at the website of jp-ex.io, which has been placed on the SFC's Alert List since 8 July 2022. While JPEX is registered as a business or entity with certain overseas regulators, these registrations do not constitute approval or licences to allow virtual asset trading services to be legally provided in those jurisdictions. stm. The warning about JPEX. The financial regulator that has warned the public about JPEX is the SFC, see the full alert HERE. The SFC had this to say about JPEX: …The Taipei District Prosecutors Office has detained two individuals connected to the crypto exchange JPEX in relation to an investigation into potential fraud. According to local reports , Chang Tung-Ying, the lead partner at the Taiwan branch of the embattled crypto exchange, and Shi Yu, an academic linked to JPEX, have been arrested on …In a press release dated February, JPEX said it had "$2 billion in global assets and technology under its management" and had spent more than $5 million on promoting its services in Hong Kong. su/mtp