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Hong Kong Charges 16 in $205 Million JPEX Crypto Fraud Probe
Yahoo Finance·2025-11-05 23:55

Hong Kong authorities have charged 16 people, including influencer and former lawyer Joseph Lam Chok, over their alleged involvement in the 205million(HK205 million (HK1.6 billion) JPEX crypto fraud. The suspects were accused of fraud, conspiracy to defraud, and money laundering under Hong Kong’s anti-money-laundering law after a two-year investigation into the unlicensed exchange, according to a report from South China Morning Post. Police said more than 2,700 investors were defrauded through JPEX’s network of soc ...