Former CEO of ACE, a Leading Exchange, Detained and Restricted from Meeting, Two Suspects with Surname Lin Arrested for Involvement in Fraud Ring
According to the evening report of the United News Network, Pan Yizhang, the former head of ACE Exchange, was exposed to be involved in a large-scale fraud. The Taipei District Prosecutors’ Office has detained Pan Yizhang, Lin Genghong, and Lin Ruochiao, executives of Kanglin Company, on charges of “violating the Banking Act” and ordered them to be held incommunicado in order to track the flow of funds. The remaining accomplices were released on bail ranging from 300,000 to 2 million NT dollars.
