Hong Kong police charge Joseph Lam, 15 others in HK$1.6 billion JPEX crypto case

Hong Kong police have charged 16 individuals, including influencer Joseph Lam Chok, with fraudulently or recklessly inducing others to invest in virtual assets, conspiracy to defraud and money laundering, in the HK$1.6 billion (US$205.8 million) JPEX cryptocurrency scandal – the city’s largest alleged financial fraud to date. Chief Superintendent Ernest Wong Chun-yue of the commercial crime bureau said on Wednesday that Interpol was on the hunt for two masterminds and a core member of JPEX. That...