JPEX Fraud Case Update: 8 Defendants Granted Continued Bail; Trial Postponed to June

PANews, March 21: According to hk01, there is new development in the suspected fraud case involving the virtual asset trading platform JPEX, with authorities having brought charges against 16 individuals to date. The case involving eight individuals, including influencers Lin Zuo and Chan Yee (real name: Chan Wing Yi), was again heard yesterday (the 16th) at the Eastern Magistrates' Court. Magistrate Ko Wai Hung adjourned the case until June 1 for committal proceedings. During this period, aside from the first defendant, Cheng Kwun Hei, who is involved in other cases and must remain in custody, the remaining seven defendants have been granted continued bail. It is reported that these eight defendants consist of five men and three women, specifically: entertainer Cheng Kwun Hei, influencer Lin Zuo, influencer Chan Wing Yi (stage name: Chan Yee), influencer “Xiang Xiang” Leung Hei Heung, Coingaroo’s Operations Director Au Cheuk Kei, General Manager Chiu King Yin, as well as Siu Ying Him and Ho Gei Man. They are charged with conspiracy to defraud, fraud, inducing others to invest in virtual assets by fraudulent or reckless means, and money laundering, among other offenses.