Taiwan's "Financial Supervisory Commission": The amount involved in JPEX's case amounts to tens of millions of Taiwan dollars, and it has interviewed endorsement singer Chen Lingjiu

Odaily Planet Daily News Taiwan's "Financial Supervisory Commission" confirmed that it had received reports alleging that JPEX illegally solicited in Taiwan and provided evidence, and had transferred the information to the investigation and investigation office. Since there are many victims in Taiwan, the current amount is tens of millions of dollars. After an investigation by the Taipei City Investigation Bureau, they recently secretly interviewed Chen Lingjiu, the singer who was responsible for the endorsement. The reason for the case was fraud. JPEX has no business person in charge in Taiwan, and the Bureau of Investigation interviewed Chen Lingjiu (real name Chen Zhihao) as a witness. Chen Lingjiu confessed that the whole matter was approached by Rolling Stone record manager Liu Boliang. He was only responsible for endorsements and he was also a victim. The Bureau of Investigation is still evaluating whether to interview Liu Boliang. The Bureau of Investigation found that Chen Lingjiu’s endorsement fee was as high as eight figures, far exceeding the general market price. After the JPEX case broke out, the company next to SOGO in Taipei East District was also empty of people. There was a poster of Chen Lingjiu outside the company building, and victims The victim has no way to seek compensation and can only go to the Bureau of Investigation to file a record. Whether Chen Lingjiu was completely unaware of the case remains to be clarified. Whether Chen Lingjiu will be listed as a defendant from a witness in the future will depend on the evidence investigation. The investigation estimates that JPEX has invested a large amount of marketing budget in Taiwan, including spokespersons and media, with marketing costs reaching tens of millions of dollars. Whether it includes victim funds or illegal financial flows, the investigation bureau will further clarify; the "Financial Supervisory Commission" pointed out that according to the company law, It stipulates that if an overseas virtual trading platform is a foreign company and has not registered a branch, it is prohibited from operating business in Taiwan and will be liable for criminal and civil damages. Whether it has committed a money laundering crime depends on whether JPEX engages in the exchange of Taiwan dollars, foreign currencies and other currencies. (United News Network) According to previous news at the end of September, Taiwan's "Financial Supervisory Commission" stated that it had received reports on JPEX's illegal solicitation of business in Taiwan and had transferred information to the investigation.