Taiwan detains two key individuals in JPEX fraud investigation

According to the JPEX fraud case, including Hong Kong and Taiwan artists involved, such as Taiwanese singer Chen Lingjiu; because there are victims accusing Chen Lingjiu, Chen will be changed from a witness to a defendant; Taipei District Prosecutors Office yesterday searched JPEX's business in nine locations in Taiwan, and summoned JPEX Taiwan's chief partner Zhang Dongying and 4 others. After the trial, they were accused of violating banking laws, money laundering, etc. Zhang Dongying and lecturer Shi Yusheng were detained and not allowed to see anyone; Taipei District Court will hold a detention court today. In addition to the inconsistent testimonies of Zhang and Shi, both of whom were detained by the prosecution, other defendants also include business Liu Jianfu, who paid NT$50,000 for bail, and JPEX Taiwan's registered responsible person Niu Gengsheng was released. It is understood that Zhang Dongying and other members of the Taiwan team have a deep relationship with the Hong Kong JPEX management team. However, this search did not find related funds. Including Chen Lingjiu, the number of victims of JPEX in Taiwan may exceed 100, and currently only about a dozen people have filed complaints. The overseas virtual trading platform did not register the company in Taiwan in advance, nor did it complete the anti-money laundering compliance statement. Therefore, it violated banking laws and money laundering, etc. (Liberty Times)