Taiwan Singer Connection With JPEX

Taiwanese singer Nine Chen, also known as Chen Lingjiu, has been implicated in a significant fraud case linked to Hong Kong's JPEX cryptocurrency exchange.

The Bureau of Investigation accused Chen on June 26 of accepting 320,000 Tether coins (approximately NT$10 million) from a Hong Kong business person. This payment was purportedly made so that Chen could act as a spokesperson for JPEX in Taiwan.

Chen and four other co-defendants now face charges, including aggravated fraud and violation of banking laws.

Chen's legal troubles began when he was sent to the Taipei District Prosecutor's Office, where he was charged with aggravated fraud and violations of banking laws.

The investigation has also named four co-defendants: Zhang Dongying, a notable figure in Taiwan's cryptocurrency scene known as "Tigger Tony", businessman Shi Yu, JPEX commercial tenant Niu Gengsheng, and Liu Jianfu. Liu facilitated JPEX's partnership with the New Taipei Kings Basketball Team.

The case took a dramatic turn when Taipei City's Da'an Bureau uncovered an illegal Texas Hold'em poker operation. This resulted in the arrest of 26 people, including Chen, who was found in a guesthouse linked to JPEX's Taiwan office.

These discoveries further connected Chen to the fraudulent activities associated with JPEX. Notably, Chen expressed confidence that the judiciary would eventually clear his name.

"Many Taiwanese investors have come forward, filing lawsuits after suffering major financial losses."

With JPEX's office located on Zhongxiao East Road in Taipei City, numerous Taiwanese investors have come forward, filing lawsuits after suffering significant financial losses.

The investigation also shed light on the role of Zhang Dongying, a well-known internet celebrity in the cryptocurrency community. Zhang founded BITFUN, a platform to educate people about blockchain technology, and was later recruited by JPEX as their chief partner in Taiwan.

Her promotion of JPEX led many investors to trust the platform, only to suffer substantial financial losses. Following the exposure of the JPEX case, Zhang was detained by the court and prohibited from seeing anyone. Liu Jianfu was released on bail for NT$50,000.

High-Profile Events and Promotions

Additionally, JPEX organized a high-profile "boxing on boxing" event at the Little Arena last July. This event featured Hong Kong e-sports expert Chung Pei-sheng and Taiwanese internet celebrity Toyz. "Curator" Chen Zhihan served as the head coach for the event.

The Bureau of Investigation suspects that JPEX used such events to recruit young people. Chen Lingjiu's involvement in these promotional activities has further implicated him in the fraudulent scheme.

The Bureau of Investigation has charged Chen Lingjiu with aggravated fraud based on the accumulated evidence. This marks a critical development in this high-profile case.