JPEX Taiwan Partner Tony Zhang Dongying and Others Summoned for Questioning, Chen Lingjiu Transformed into Defendant, Investigation into Profit-Making Activities Proceeds
JPEX, the exchange implicated by the Hong Kong Securities and Futures Commission, has received reports from 2,595 investment victims, with the amount involved reaching HKD 1.58 billion (approximately TWD 6.5 billion). JPEX has allocated significant budgets in Taiwan this year for celebrity endorsements by Chen Lingjiu, boxing matches, investment influencers, and media. The Taipei District Prosecutors Office, commanding the Taipei City Investigation Bureau, has been conducting investigations in stages.
Contents:
Toggle
JPEX’s registered responsible persons have been summoned for questioning, moving towards investigation under the Banking Act.
Chen Lingjiu has become a defendant and will appear in court in the future.
According to reports, the Taipei District Prosecutors Office, commanding the Taipei City Investigation Bureau, has summoned Taiwanese celebrity Chen Lingjiu as a witness in early October and has subsequently traced the true identities of Taiwan’s chief partner Zhang Dongying and three other executives.
(
Taiwan’s Reaction to JPEX’s Zero Action? JPEX Allocates Tens of Millions of Budget in Taiwan, Making Profits from Celebrity Endorsements and Sponsored Media
)
On November 8, the Investigation Bureau conducted searches at 9 locations and questioned “JPEX Taiwan’s chief partner Zhang Dongying” (Jumping Tiger, Tony), “JPEX Taiwan’s senior lecturer Shi Yu,” Liu Jianfu (self-proclaimed advertising company marketer with no labor relationship with JPEX), and “JPEX Taiwan’s registered responsible person Niu Gengsheng” as defendants. The entire case is being investigated under the direction of the Banking Act.
In the content related to exchanges under the Banking Act, “fundraising” is often involved.
(
Steaker’s Legitimacy as an Investment is Questionable? Illegal Fundraising Judgments Will Have a Significant Impact on Taiwan’s Cryptocurrency Regulations!
)
As for Chen Lingjiu, because there are victims who have filed complaints against him, the Taipei District Prosecutors Office will classify him as a defendant, and he will be summoned to appear in court in the future. According to reports, after the questioning, Niu Gengsheng, the registered responsible person of JPEX Taiwan, has been released, Liu Jianfu, a party involved in the case, has provided a bail of NT$50,000, and senior lecturer Shi Yu and Taiwan’s chief partner Zhang Dongying are still being questioned by the prosecutor.
JPEX
Liu Jianfu
Zhang Dongying
Niu Gengsheng
Chen Lingjiu
Further reading:
JPEX Case | Chen Lingjiu listed as a defendant in the investigation, Tony Zhang Dongying granted bail of NT$1.5 million and restricted from leaving the country
Chen Lingjiu talks about JPEX endorsement fees: Provided in installments, did not receive the final payment, and did not reach eight digits.
