15 in court over Hong Kong’s record HK$1.6 billion cryptocurrency fraud
A Hong Kong court has remanded an actor in custody while granting bail to lawyer-turned-influencer Joseph Lam Chok and 13 others, pending trial over their alleged roles in the HK$1.6 billion (US$206 million) JPEX cryptocurrency scandal – the city’s largest financial fraud to date. The 11 men and four women, aged 25 to 54, appeared in Eastern Court for the first time on Thursday to face a total of 50 counts, including fraudulently or recklessly inducing others to invest in virtual assets,...