In brief
- Hong Kong authorities have charged 16 including influencer Joseph Lam over the $205 million (HK$1.6 billion) JPEX crypto fraud case.
- Police say over 2,700 investors were defrauded through JPEX’s network of influencers and OTC shops.
- Interpol red notices have been issued for three alleged ringleaders still at large.
Hong Kong authorities have charged 16 people, including influencer and former lawyer Joseph Lam Chok, over their alleged involvement in the $205 million (HK$1.6 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…
Nov 06 2025
