Jpex fraud.

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.Hui Ching-yu referenced the ongoing JPEX fraud case, which is under investigation for fraudulent activities, reflecting that crypto activities within the country need supervision. ... JPEX, a crypto exchange in Hong Kong, halted certain services in mid-September 2023 due to a liquidity crisis caused by "unfair treatment" from specific …WebPolice 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 assetsThe 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 ...

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 …

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 assetsAn earlier report said that authorities had received 1,408 complaints concerning fraud on the part of JPEX. Sponsored Sponsored. But the Hong Kong Free Press divulges that the number of victims now stands at 2,086. And that the total amount lost to JPEX’s unlicensed activities is HK$1.3 billion.

Brand Ambassador’s Involvement. Hong Kong actor Julian Cheung Chi-lam has found himself in the midst of the JPEX fraud investigation, a scandal that has rocked the digital asset trading world. Serving as the brand ambassador for the beleaguered platform, Cheung was requested to assist in the criminal inquiry by the relevant authorities.As JPEX has been uncooperative and unable to substantively respond to the SFC's requisitions, the SFC subsequently placed JPEX on the SFC's Alert List in July 2022 (Note 2). ... Subsequent information obtained has led to suspicion of fraud and the SFC has referred the matter to the Police. As investigations are ongoing, the SFC cannot make …A group of victims of Hong Kong’s biggest alleged financial fraud have called on the city’s investment regulator to supervise not only unlicensed cryptocurrency …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 ...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 ...

The Hong Kong police have reportedly arrested 18 people allegedly involved in suspected fraud on the part of unlicensed crypto exchange, JPEX, allegedly involving more than 2,000 victims and losses of over HK$1.5 billion, although other individuals believed to be involved have reportedly fled Hong Kong. 1 Hong Kong’s Securities and Futures ...

Hong Kong police are investigating allegations of fraud against cryptocurrency trading platform JPEX after investors complained of HK$1.3bn ($166m; £134m) in losses. Eleven people, including popular influencers, were arrested this week after complaints filed by 2,000 people. The case could be one of Hong Kong's biggest fraud cases, local media ...

The alleged case of financial fraud involving HK$1.37 billion is the largest of its kind in Hong Kong’s history. Hong Kong JPEX investors ‘forced to accept’ dividend plan hoping to lure more ...Hong Kong police have impounded a Lamborghini worth HK$6 million (US$766,280) suspected to have been bought with illegal funds from the growing HK$1.55 billion financial scandal centred on the ...Law enforcement agents in Taiwan have confirmed the arrest of more suspects linked to the embattled digital currency exchange JPEX over allegations of fraud and misrepresentation. Local publication Central News Agency (CNA) reported that the Taiwan Taipei District Prosecutors Office has arrested Chang Tung-Ying, a high-ranking …Web5 Oct 2023 ... ... Exchanges After JPEX Blowup. City further facilitates efforts to detect illegal activity; Step follows alleged $204 million fraud at JPEX ...20th September 2023 – (Hong Kong) Hong Kong police held a press conference on Tuesday to provide updates on the ongoing investigation into JPEX, a cryptocurrency platform accused of fraudulent activities. According to the authorities, eight individuals have been arrested so far, and the case involves an amount of HK$1.2 billion. Interestingly, …

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 ... Months later, JPEX’s name is prominent for a different reason: Hong Kong police have opened an investigation into alleged fraud and arrested JPEX staff, while the city’s regulator, the ...The impact of the JPEX fraud is expected to spread over the coming months, with each jurisdiction affected differently. The beneficial owners of the platform are believed to be in Dubai and are ...WebSep 20, 2023 · JPEX claims reach HK$1.2 billion in Hong Kong’s biggest-ever fraud case An MTR spokesman on Tuesday night said a JPEX ad that appeared in a Facebook post had referenced an ad placed at Hong Kong ... Sep 21, 2023 · 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 18, 2023 · (Bloomberg) -- Cryptocurrency platform JPEX shut down some trading during an ongoing investigation by the Hong Kong police.Most Read from BloombergEx-Goldman Bankers Make a Fortune With ...

The Taipei District Prosecutors Office (TDPO) requested Chang Tung-ying, the chief partner at JPEX’s office in Taiwan, be held in custody over alleged fraud, the local TV channel TVBS News ...

Joseph Lam, a crypto influencer, was arrested in Hong Kong on Monday, multiple media outlets reported. Police arrested him and five others for "conspiracy to defraud." The fraud could involve more ...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...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.Two more were arrested concerning the allegations of fraud at JPEX, an unlicensed cryptocurrency exchange, bringing the total arrestees for the case to eight, with police receiving more than 1,600 ...21 Sept 2023 ... Number of investors/victims exceeded 2000 in JPEX scam case. #ofwinhongkong #FDW #Balita #HongKongDailyNews For more update information, ...The arrest comes amidst Hong Kong authorities’ push to clamp down on cryptocurrency-related frauds and scams. Citizens have lost $90 million to investment scams in the first four months of 2023.. Since July last year, the securities regulator has included two JPEX-affiliated companies on its alert list, indicating that the platform was …The Taipei District Prosecutors Office (TDPO) requested Chang Tung-ying, the chief partner at JPEX’s office in Taiwan, be held in custody over alleged fraud, the local TV channel TVBS News ...See full list on bbc.com

The latest case follows the scandal centred on the JPEX cryptocurrency exchange, involving more than 2,500 alleged victims and over HK$1.5 billion in losses.

JPEX fraud puts VATP regime in focus. Close to 30 people have been arrested following the SFC’s referral of the JPEX alleged fraud case to the police. The case serves as a stark reminder that investors should be aware of unregulated VATPs and that VATPs must obtain a proper licence before they operate in Hong Kong.

Sep 25, 2023 · The masterminds behind Hong Kong’s JPEX alleged crypto exchange scandal — referred to by some as the largest financial fraud to ever hit the city — have eluded authorities despite 11 people... 29 Sept 2023 ... Are you surprised by the involvement of individuals "relatively close" to the core of JPEX's operations in the scam? ... fraud and other ...Sep 15, 2023 · 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 ... Hong Kong police are investigating allegations of fraud against cryptocurrency trading platform JPEX after investors complained of HK$1.3bn ($166m; £134m) in losses.Hong Kong’s security minister, Chris Tang Ping-keung, has vowed to apprehend the leader of fraud crimes at crypto exchange JPEX. Police confirmed they were seeking assistance from Interpol in rounding up the leaders of JPEX. He said that further details could not be disclosed without additional evidence, but that police had contacted …Sep 21, 2023 · JPEX's downfall is casting a shadow over Hong Kong's embrace of digital assets, with experts saying it has revealed regulatory gaps just three months after the rollout of rules requiring crypto ... 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 ...The scandal surrounding Hong Kong’s biggest case of alleged financial fraud, involving assets worth more than HK$1.5 billion, emerged last month after the securities watchdog named JPEX as an ...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 …WebApplicants may want to fudge their income a bit when trying to obtain a mortgage, but this is never a good idea. Lenders review the information on each application with a fine tooth comb to make sure there is no fraud. They will look at ban...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 …Web

Law enforcement agents in Taiwan have confirmed the arrest of more suspects linked to the embattled digital currency exchange JPEX over allegations of fraud and misrepresentation. Local publication Central News Agency (CNA) reported that the Taiwan Taipei District Prosecutors Office has arrested Chang Tung-Ying, a high-ranking …Web25 Sept 2023 ... The JPEX Crypto Platform scandal is rapidly becoming one of the ... Judge in Trump fraud trial expands gag order to former president's lawyers.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 ...13 Oct 2023 ... ... fraud – involving more than 2,300 victims who are suspected of ... JPEX cryptocurrency exchange. At least 28 people have been arrested in ...Instagram:https://instagram. gls 450 hpge investorsgold brokersspy holdings 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 ...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 ... prrxxqbat HONG KONG (AP) — Police in Hong Kong and Macao said Friday they arrested four more people linked to the cryptocurrency platform JPEX, which is …Sep 20, 2023 · JPEX claims reach HK$1.2 billion in Hong Kong’s biggest-ever fraud case An MTR spokesman on Tuesday night said a JPEX ad that appeared in a Facebook post had referenced an ad placed at Hong Kong ... etf regional banks Sep 14, 2023 · Hong Kong police said Thursday they were investigating cryptocurrency exchange JPEX after the city's securities regulator accused the platform of "suspicious" activities and promoting its products ... 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 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...