JOHOR BARU: Seven Chinese nationals, three of them students, have been charged in court here in connection with a cryptocurrency investment scam.

Hong Wei Xian, 25, Zhou Fu, 22, Chen Lu, 23, Yuan Shuping, 29, Li Yi, 30, Wang Tengfei, 30, and Chen Xiaojia, 33, claimed trial when the charge was read to them in Mandarin before Magistrate Atifah Hazimah Wahab on Friday (Oct 16).

The seven are accused of conspiring to carry out a fraudulent cryptocurrency investment scheme.

They allegedly committed the offence at two residential units in Forest City at about noon on Oct 1.

They were charged under Section 120B(2) of the Penal Code for criminal conspiracy, which…