Jpex fraud.

20 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 ...JPEX snares 1,641 investors with HK$1.2 billion of funds in Hong Kong's largest fraud case in history South China Morning Post September 19, 2023 at 5:30 AM · …Sep 18, 2023 · HONG KONG -- Hong Kong police have arrested six people in connection with suspected cryptocurrency fraud involving at least 1 billion Hong Kong dollars ($127.8 million) worth of virtual assets. 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 ...

Oct 9, 2023 · 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 ...

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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.Sep 18, 2023 · Hong Kong police on Monday arrested six people on suspicion of "conspiracy to defraud" after receiving more than 1,400 reports from potential victims who claimed to have lost around $128 million ... 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 ...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 ...

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 ...

JPEX snares 1,641 investors with HK$1.2 billion of funds in Hong Kong's largest fraud case in history South China Morning Post September 19, 2023 at 5:30 AM · …

The fraud impacted more than 1,600 investors and over $150 million in assets. Those arrested include social media influencers who promoted the JPEX cryptocurrency exchange, as well as employees of JPEX. “This incident highlights the importance that when investors want to invest in virtual assets, then they must invest on platforms that are licensed. The …WebJPEX 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.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 ...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.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 ...

Chip-enabled cards make it harder to steal your identity. But that's not stopping online fraud. Here are two scams to watch for. By clicking "TRY IT", I agree to receive newsletters and promotions from Money and its partners. I agree to Mon...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 ...Hong Kong police are investigating allegations of fraud against cryptocurrency trading platform JPEX after investors complained of HK$1.3bn ($166m; £134m) in losses.1 Oct 2023 ... I received a tip last week that JPEX - the Hong Kong-based exchange under investigation by police for fraud - had an Australian link.Four men and two women have been arrested on suspicion of conspiracy to commit fraud linked to the unlicensed cryptocurrency exchange platform JPEX, after Hong Kong police received reports from ...

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 ...

Sep 22, 2023 · 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 ... 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 ... 5 Oct 2023 ... JPEX, the Hong Kong crypto exchange that's become the target of a police investigation, has come up with a new idea for getting itself out ...Sep 26, 2023 · 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 ... 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 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.The JPEX fraud case initially came to light when Hong Kong’s financial watchdog issued a warning against the crypto exchange for operating in the region without the necessary licenses. Following the warning, JPEX increased its withdrawal fees to nearly $1,000, and its staff abandoned their booths at the Token 2049 event in Singapore. …Hong Kong police said today that it arrested eight people for their connections in an alleged JPEX fraud — and may arrest more as probes continue. Hong Kong police have arrested eight people on suspicion of conspiracy to defraud related to cryptocurrency exchange JPEX, the police said in a press briefing today.WebIn today’s digital age, the threat of fraud and identity theft is more prevalent than ever. Seniors, in particular, are often targeted by scammers due to their trusting nature and lack of familiarity with technology.

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 ...

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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.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 soliciting …WebIt’s important to protect your personal information and documents from identity theft and fraud. One of the best ways to do this is by shredding any documents that contain sensitive information.Authorities in Hong Kong have arrested six people, including two social media influencers, in conjunction with a probe into crypto exchange JPEX, the South China Morning Post reports. 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 ...Sep 22, 2023 · The JPEX scandal has resulted in 11 arrests due to ‘conspiracy to defraud’, with victims’ losses surpassing US$175 million. HONG KONG: Crypto investor Jenny first learned about digital ... 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 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 ... Eight people have been arrested on charges of conspiracy to defraud linked to cryptocurrency trading platform JPEX involving HK$1.2 billion in losses.September 16, 2023. Hong Kong police are probing the JPEX cryptocurrency exchange following several complaints involving virtual assets valued at approximately HK$34 million (US$4.3 million). The investigation comes in the wake of a warning from the Hong Kong Securities and Futures Commission (SFC) against JPEX for its unregulated operations.WebThe JPEX event – possibly the largest financial fraud in the city’s history – and the high costs of the licensing process have cast doubt on the financial centre’s ability to attract big ...

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/mtpJPEX (JPEX Crypto Platform) hereby reminds novice investors how to prevent fraud and be vigilant in the crypto market to avoid the loss of funds. Skip to content. Home; ... Fraud method: Fraudsters will lurk in major social media (Whatapps, Facebook, Telegram and instagram, etc.), and they will take the initiative to privately message …Chip-enabled cards make it harder to steal your identity. But that's not stopping online fraud. Here are two scams to watch for. By clicking "TRY IT", I agree to receive newsletters and promotions from Money and its partners. I agree to Mon...Instagram:https://instagram. molina healthcare reviewbest books on stock trading strategiesmeta dividendsexchange rate etf 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 authorities, marketed itself as an ... b i p stockenphase solar stock 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 ...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 about its suspicious activities. This triggered an investigation by the Commercial Crime Bureau, leading to multiple arrests of JPEX promoters. The latest reports indicate that a … growth and income etfs The four arrested in the latest bust were described as being “relatively close to the core” of JPEX, which is the largest fraud case of its kind in Hong Kong. ... The dramatic unravelling of ...WebThe number of alleged fraud victims linked to crypto exchange platform JPEX has risen to 2,086, as three more people are arrested. The case, which involves …Phone thieves are up to new tricks. HowStuffWorks takes a look. Advertisement When people talk about phone scams, it's often the variety of fraud that can occur through cold calls to a person's home or mobile device. Like when scammers leav...