JPEX fraud case: 16 charged, influencers Joseph Lam Chok released on bail
發佈日期: 2025-11-06 22:26
TVB News
Police have charged 16 people in connection with the JPEX scandal, one of Hong Kong's largest cryptocurrency scams.
The case was brought before the Eastern Magistrates' Court today, where social media influencer Joseph Lam Chok was granted 300,000-dollar cash bail.
The hearing has been adjourned until December 15th.
Joseph Lam Chok, who was detained overnight at North Point Police Station, was escorted to court by police this morning.
He and 15 other defendants appeared before the magistrate, though none were required to enter a plea.
The court has divided the case into multiple proceedings.
Among the defendants are Lam Chok, social media influencers Chan Wing-yee, the then-COO and General Manager of crypto exchange Coingaroo as well as Sheena Leung and Cheng Chun-hei.
They face charges including money laundering, obstructing the course of justice, and fraudulently inducing others to invest in virtual assets.
According to the charge sheet, Lam allegedly deceived investors between July and September 2023, by falsely claiming that JPEX was a licensed cryptocurrency exchange
operating across several jurisdictions, and that its investment products offered guaranteed percentage returns.
Chan Wing-yee was accused of making false statements in 2023, claiming that investing in JPEX's tokens would be profitable and that JPEX was on track to obtain a valid licence to operate in Hong Kong.
Seven of the eight defendants in this group were granted bail ranging from 50,000 to 300,000 dollars.
Lam, accompanied by his girlfriend Yumi, left the court after posting 300,000 dollars in cash bail.
The JPEX investigation began in September 2023, when the Securities and Futures Commission flagged the unlicensed platform for aggressively promoting its services in Hong Kong.
Investors later reported being charged high withdrawal fees or having funds transferred without consent.
So far, police have received more than 2,700 complaints involving a total of 1.6 billion dollars in alleged losses.
