Jpex fraud.

Updated 3:44 AM PST, September 29, 2023. HONG KONG (AP) — Police in Hong Kong and Macao said Friday they arrested four more people linked to the cryptocurrency platform JPEX, which is suspected to have defrauded more than 2,400 people of almost $200 million.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.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.The Securities and Futures Commission said JPEX is misleading investors about being licenced in Hong Kong and accused the exchange of having ‘suspicious features’. ... virtual asset fraud can ...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 ...

25 Sept 2023 ... JPEX appears to be a $191 million fraud ... After the Hong Kong-based JPEX exchange limited withdrawals amidst what appeared to be an impending ...

Sep 18, 2023 · Four men and two women have been arrested, after Hong Kong police received over 1,400 calls complaining of fraud at JPEX. Hong Kong police reportedly arrested Lam, also known as "jolamchok" on ... In today’s digital age, online scams and fraud have become increasingly prevalent. From fake social media profiles to fraudulent online marketplaces, it’s important for individuals and businesses alike to be vigilant when engaging in online...

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 ... 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 ...Source: Getty Images. Cryptocurrency platform JPEX, headquartered in Dubai, is reportedly shutting down some of its operations, as the exchange is facing a probe from Hong Kong police and the financial regulator over suspected fraud.. The company announced Sunday that it would “delist” all transactions associated with its Earn Trading …WebPolice 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.

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.

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.

Sep 29, 2023 · HONG KONG (AP) — Police in Hong Kong and Macao said Friday they arrested four more people linked to the cryptocurrency platform JPEX, which is suspected to have defrauded more than 2,400 people of almost $200 million. The arrests bring the total number of people detained so far in the case to 18. 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 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.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 …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.

In today’s digital age, online scams and fraud have become increasingly prevalent. From fake social media profiles to fraudulent online marketplaces, it’s important for individuals and businesses alike to be vigilant when engaging in online...JPEX offered products on its website related to VA “deposits”, “savings” or “earnings” which were prohibited under the SFC’s regulatory regime for VATPs. Under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance , engaging in fraudulent or deceptive practices related to virtual assets is an offence.Hong Kong police are investigating allegations of fraud against cryptocurrency trading platform JPEX after investors complained of HK$1.3bn ($166m; £134m) in losses.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.Hong Kong police have reportedly arrested a crypto influencer in connection with a high-profile “fraud” scandal linked to digital asset exchange platform JPEX, as the number of those impacted ...

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.Hong Kong to Strengthen Crypto Regulations Following JPEX Fraud Case. Hong Kong regulators are looking to increase their oversight of the cryptocurrency space in response to the recent JPEX fraud case. The post Hong Kong to Strengthen Crypto Regulations Following JPE...Web

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 ...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 ...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 ...Hong Kong’s JPEX Scandal: Celebrity Arrests and a Billion-Dollar Fraud Case. With an estimated 2,265 victims and counting, the Hong Kong JPEX cryptocurrency fraud case continues to unravel, leading to the arrest of 20 individuals, including notable celebrities. Among the arrested is 29-year-old TVB actor Zheng Junxi, known for his expertise ...WebThe 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 ...The JPEX case was immediately called “the largest financial fraud case in history” by some Hong Kong media. However, if other fund-raising frauds are also included, it must be considered the case that spanned Hong Kong, Malaysia and other places in the 1980s.Jianing Group Corruption and Fraud Case. The Hong Kong Independent …Nov 9, 2023 · 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 ... Sep 19, 2023 · More than 1,640 people have now made complaints about losing money on the unlicensed cryptocurrency exchange JPEX, police said on Tuesday, as the number of arrests in the case rose to eight. 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 ...

Suspected $180m fraud leaves questions over enforcement and oversight The Hong Kong Securities and Futures Commissions has accused crypto platform JPEX of suspicious practices and misleading ...

4 Oct 2023 ... JPEX案港澳警聯合行動拘四人(29.9.2023). 186 ... HK01 Fraud Factories Human Trafficking Investigation: The Survivors - Escaped Cambodia and Myanmar.

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 ...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 ...WebEight people have been arrested on charges of conspiracy to defraud linked to cryptocurrency trading platform JPEX involving HK$1.2 billion in losses.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) | Hong Kong police have reportedly arrested a crypto influencer in connection with a high-profile “fraud” scandal linked to digital asset exchange platform JPEX, as the number of those impacted ...Hong Kong police are investigating allegations of fraud against cryptocurrency trading platform JPEX after investors complained of HK$1.3bn ($166m; £134m) in losses.The Securities and Futures Commission said JPEX is misleading investors about being licenced in Hong Kong and accused the exchange of having ‘suspicious features’. ... virtual asset fraud can ...Hong Kong is assessing whether to allow exchange-traded funds that invest directly in crypto as officials step up efforts to create an Asia-Pacific digital-asset hub while tackling the fallout of ...WebNov 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 ... Many types of federal fraud cases carry a statute of limitations of five years, but some specific instances differ. According to the Pillsbury law firm, 28 U.S.C. The federal statute of limitations differs on different types of fraud. For i...

A source familiar with the case on Friday revealed the force had successfully frozen some of the cryptocurrency associated with the alleged fraud by the JPEX platform, and the task of tracing the ...JPEX masterminds at large as authorities arrest 11 suspects. In what some are calling the largest financial fraud ever to hit Hong Kong, the orchestrators behind the JPEX alleged crypto exchange ...The Taipei District Prosecutors Office today detained two people responsible for JPEX’s operations on suspicion of fraud. Chang Tung-Ying, the chief partner of the troubled crypto exchange’s Taiwan Office, and Shi Yu, a lecturer affiliated with JPEX, have been taken into custody for alleged violations of relevant banking and anti-money …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 ...Instagram:https://instagram. how much are half dollars worthjnj price targetdrhorton stockgoldman sachs bdc inc 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 ... 19 Sept 2023 ... Police and Securities & Futures Commission held joint press briefing on the scam. #ofwinhongkong #FDW #Balita #HongKongDailyNews For more ... what is qqq etfpalo alto networks share price Hong Kong police are investigating allegations of fraud against cryptocurrency trading platform JPEX after investors complained of HK$1.3bn ($166m; £134m) in losses.Nov 7, 2023 · 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 promoted its services and products to the public through social media influencers and over-the-counter crypto exchange shops (OTC shops) while operating ... what are tax yield investments 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 18, 2023 · Hong Kong police arrested six people in connection to the halted cryptocurrency trading platform JPEX, exposing the vulnerabilities of the city’s open economy and free-for-all internet in a ... 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 ...