CoinVoice has recently learned that there is new progress in the JPEX virtual asset trading platform fraud case, where three men involved were granted continued bail after appearing in the Eastern District Court today. They are 27-year-old student Yu Guanlin, 30-year-old Huang Zijian, and 30-year-old technician Deng Zhichong. Yu Guanlin is facing two charges of money laundering involving HKD 7.79 million, and his case has been approved for referral to the District Court, with a hearing scheduled for January 8 next year.
Huang Zijian is charged with obstructing justice, accused of colluding with a person known as 'Lu Ge' in September 2023 to dispose of items in a certain premises on Cheung Sha Wan's Qing Shan Road to hinder the authorities' investigation. Deng Zhichong faces dual charges of obstructing justice and money laundering, involving the disposal of items and documents in a room at Starry House in Cheung Sha Wan on September 28, 2023, as well as handling approximately HKD 880,000 in cash and two Rolex watches valued at around HKD 240,000. The cases of Huang Zijian and Deng Zhichong have been postponed to January 16 next year for further hearings in the Eastern District Court, pending the prosecution's preparation of referral documents.
JPEX was revealed to be involved in fraud in 2023, with a total of 16 people prosecuted in the entire incident. [Original link]