Taiwan detains two key individuals in JPEX fraud investigation

Due to JPEX's suspected fraud case, many artists from Hong Kong and Taiwan, including Taiwanese singer-songwriter Chen Lingjiu, were involved in the controversy; because a victim filed a lawsuit against Chen Lingjiu, Chen was changed from a witness to a defendant; the Taipei District Prosecutor's Office yesterday Nine locations of JPEX's business in Taiwan were searched and interviewed, and four people including Zhang Dongying, the chief partner of JPEX Taiwan, were detained after interrogation for violating banking laws, money laundering and other crimes; the Taipei District Court will hold a detention meeting today court. In addition to Zhang and Shi, who had inconsistent statements during the court hearing and were both detained by the prosecutor, other defendants include businessman Liu Jianfu, who posted a bail of NT$50,000, and Niu Gengcheng, the head of JPEX Taiwan registration, who was invited back. It is understood that Zhang Dongying and other team members in Taiwan have deep connections with the JPEX operating team in Hong Kong. However, no relevant funds were seized in this wave of searches. Including Chen Lingjiu, the number of victims of JPEX in Taiwan may exceed 100. Currently, only about a dozen people have filed lawsuits. The overseas virtual trading platform has not registered its company in Taiwan in advance and has not completed the legal compliance of money laundering prevention. The statement stated that it was soliciting investors in Taiwan, and was therefore involved in crimes such as banking laws and money laundering. (Free Times)