Top Tweets for #ScamProceeds

8 months ago

🚨An #HKPF probe into a labyrinthine #FraudCase involving the most victims➕#ScamProceeds in 🇭🇰 in recent years has led to the arrest of 80 persons & the prosecution of 16 of them: 6️⃣ core members of the scam ring behind #JPEX—an unlicensed #VirtualAsset trading platform (#VATP) 7️⃣ persons in charge of over-the-counter (OTC) #cryptocurrency exchanges➕influencers promoting JPEX on social media 3️⃣ holders of #StoogeAccounts used for laundering the scam proceeds —as of NOV 5, 2025. Meanwhile—upon 🇭🇰#HKPF’s request—#INTERPOL (@interpolwanted) has issued 3 #RedNotices🚩🚩🚩 in pursuit of: 👥2 masterminds 👤1 core member —of the scam syndicate who’ve absconded overseas🗺️. 🟰🟰🟰🟰🟰 Set up in early 2020—JPEX purported to offer ‘low-risk, high-return’ investment opportunities & drew scores of investors as a result of pervasive promotion via: ❗️advertisements ❗️social media ❗️#OTC crypto exchangers ❗️#KOLs—key opinion leaders On SEP 13, 2023—the 📊Securities & Futures Commission (SFC) issued a warning, stating that: ●no entity in the JPEX Group was licensed by SFC / had applied to SFC for a licence to operate a VATP in🇭🇰 ●the unregulated VATP actively promoted its suspicious services (See details: 🔗https://t.co/BAw8CgnFnl) ⬇️ Afterwards—JPEX hiked up the fee it was charging its clients who wished to withdraw #cryptocurrencies from the VATP. Subsequently—a lot of JPEX’s clients even failed to withdraw their virtual assets, thus incurring great losses💸. 🟰🟰🟰🟰🟰 Since SEP 2023—the 🇭🇰#Police have deployed all units of our Crime Wing while collaborating with various 🗺️🇭🇰 #LawEnforcement agencies & regulatory bodies to investigate the case. It was found that JPEX had transferred its clients’ assets out of the VATP & laundered them via numerous #CryptoWallets🔀. ⬇️ As of NOV 5, 2025—the🇭🇰Police have: 🔵received reports from 2700+ persons claiming to have lost a total of HK$1.6 BILLION+ to the fraudulent VATP 🔵arrested 80 persons: ●14 core members of the crime syndicate behind the VATP ●16 persons in charge of OTC crypto exchanges & influencers who’d promoted JPEX on social media ●50 #MoneyMules whose stooge accounts had been used to launder the scam proceeds 🔵frozen ≈HK$228 MILLION scam proceeds (bank balances/ cash/ gold bars/ luxury cars/ #VirtualAssets) 🔵prosecuted 16 of the 80 arrested persons: ●6 core members of the crime syndicate behind JPEX—for: ❗️CONSPIRACY TO DEFRAUD ❗️MONEY LAUNDERING ❗️PERVERTING THE COURSE OF JUSTICE ❗️FRAUDULENTLY / RECKLESSLY INDUCING OTHERS TO INVEST IN VIRTUAL ASSETS ➕ ●7 persons in charge of OTC crypto exchanges & influencers who’d promoted the VATP—for: ❗️DECEPTION ❗️MONEY LAUNDERING ❗️FRAUDULENTLY / RECKLESSLY INDUCING OTHERS TO INVEST IN VIRTUAL ASSETS ➕ ●3 stooge account holders—for: ❗️MONEY LAUNDERING 🟰🟰🟰🟰🟰 The prosecution of: ●6 core members of the scam ring behind the unlicensed VATP ‘JPEX’ ➕ ●7 persons in charge of OTC crypto exchanges & influencers who’d promoted the VATP for ‘🔴FRAUDULENTLY / RECKLESSLY INDUCING OTHERS TO INVEST IN VIRTUAL ASSETS’ marks🇭🇰HKPF’s first-ever invocation of the ‘Anti-Money Laundering (#AML) & Counter-Terrorist Financing (#CTF) Ordinance’ (Cap. 615 of the 🇭🇰#LawsOfHK⚖️). ➖➖➖➖➖ The prosecution of the 16 persons👤in total marks the first stage of prosecution. More prosecutions & arrests may follow—as the🇭🇰Police’ll keep: ●consulting with the🇭🇰Dept of Justice⚖️ ●tracking down all persons involved in the fraud case who’re still at large ⬇️ In particular—the 🗺️INTERPOL’s issued 3 #RedNotices🚩🚩🚩to help us pursue the 2 masterminds & 1 core member of scam ring behind JPEX that🇭🇰HKPF’s identified, as the 3👤👤👤have absconded overseas. 🇭🇰HKPF’ll keep working closely with 🗺️@INTERPOL_HQ & 🗺️overseas LEAs—in order to bring the fugitives to justice. ➖➖➖➖➖ 📢VICTIMS who’ve yet to report their cases to the🇭🇰Police—PLEASE COME FORWARD: ☎️9️⃣9️⃣9️⃣ 🟰🟰🟰🟰🟰 🚫🪤DON’T SCAM & DON’T BE SCAMMED💸🚫

hkpoliceforce's tweet photo. 🚨An #HKPF probe into a labyrinthine #FraudCase involving the most victims➕#ScamProceeds in 🇭🇰 in recent years has led to the arrest of 80 persons & the prosecution of 16 of them:

6️⃣ core members of the scam ring behind #JPEX—an unlicensed #VirtualAsset trading platform (#VATP)
7️⃣ persons in charge of over-the-counter (OTC) #cryptocurrency exchanges➕influencers promoting JPEX on social media
3️⃣ holders of #StoogeAccounts used for laundering the scam proceeds

—as of NOV 5, 2025.

Meanwhile—upon 🇭🇰#HKPF’s request—#INTERPOL (@interpolwanted) has issued 3 #RedNotices🚩🚩🚩 in pursuit of:

👥2 masterminds
👤1 core member

—of the scam syndicate who’ve absconded overseas🗺️.

🟰🟰🟰🟰🟰

Set up in early 2020—JPEX purported to offer ‘low-risk, high-return’ investment opportunities & drew scores of investors as a result of pervasive promotion via:

❗️advertisements
❗️social media
❗️#OTC crypto exchangers
❗️#KOLs—key opinion leaders

On SEP 13, 2023—the 📊Securities & Futures Commission (SFC) issued a warning, stating that:

●no entity in the JPEX Group was licensed by SFC / had applied to SFC for a licence to operate a VATP in🇭🇰

●the unregulated VATP actively promoted its suspicious services

(See details: 🔗https://t.co/BAw8CgnFnl)

⬇️

Afterwards—JPEX hiked up the fee it was charging its clients who wished to withdraw #cryptocurrencies from the VATP.

Subsequently—a lot of JPEX’s clients even failed to withdraw their virtual assets, thus incurring great losses💸.

🟰🟰🟰🟰🟰

Since SEP 2023—the 🇭🇰#Police have deployed all units of our Crime Wing while collaborating with various 🗺️🇭🇰 #LawEnforcement agencies & regulatory bodies to investigate the case.

It was found that JPEX had transferred its clients’ assets out of the VATP & laundered them via numerous #CryptoWallets🔀.

⬇️

As of NOV 5, 2025—the🇭🇰Police have:

🔵received reports from 2700+ persons claiming to have lost a total of HK$1.6 BILLION+ to the fraudulent VATP

🔵arrested 80 persons:

●14 core members of the crime syndicate behind the VATP

●16 persons in charge of OTC crypto exchanges & influencers who’d promoted JPEX on social media

●50 #MoneyMules whose stooge accounts had been used to launder the scam proceeds

🔵frozen ≈HK$228 MILLION scam proceeds (bank balances/ cash/ gold bars/ luxury cars/ #VirtualAssets)

🔵prosecuted 16 of the 80 arrested persons:

●6 core members of the crime syndicate behind JPEX—for:

❗️CONSPIRACY TO DEFRAUD
❗️MONEY LAUNDERING
❗️PERVERTING THE COURSE OF JUSTICE
❗️FRAUDULENTLY / RECKLESSLY INDUCING OTHERS TO INVEST IN VIRTUAL ASSETS

➕

●7 persons in charge of OTC crypto exchanges & influencers who’d promoted the VATP—for:

❗️DECEPTION
❗️MONEY LAUNDERING
❗️FRAUDULENTLY / RECKLESSLY INDUCING OTHERS TO INVEST IN VIRTUAL ASSETS

➕

●3 stooge account holders—for:

❗️MONEY LAUNDERING

🟰🟰🟰🟰🟰

The prosecution of:

●6 core members of the scam ring behind the unlicensed VATP ‘JPEX’
➕
●7 persons in charge of OTC crypto exchanges & influencers who’d promoted the VATP

for ‘🔴FRAUDULENTLY / RECKLESSLY INDUCING OTHERS TO INVEST IN VIRTUAL ASSETS’ marks🇭🇰HKPF’s first-ever invocation of the ‘Anti-Money Laundering (#AML) & Counter-Terrorist Financing (#CTF) Ordinance’ (Cap. 615 of the 🇭🇰#LawsOfHK⚖️).

➖➖➖➖➖

The prosecution of the 16 persons👤in total marks the first stage of prosecution.

More prosecutions & arrests may follow—as the🇭🇰Police’ll keep:

●consulting with the🇭🇰Dept of Justice⚖️
●tracking down all persons involved in the fraud case who’re still at large

⬇️

In particular—the 🗺️INTERPOL’s issued 3 #RedNotices🚩🚩🚩to help us pursue the 2 masterminds & 1 core member of scam ring behind JPEX that🇭🇰HKPF’s identified, as the 3👤👤👤have absconded overseas.

🇭🇰HKPF’ll keep working closely with 🗺️@INTERPOL_HQ & 🗺️overseas LEAs—in order to bring the fugitives to justice.

➖➖➖➖➖

📢VICTIMS who’ve yet to report their cases to the🇭🇰Police—PLEASE COME FORWARD: ☎️9️⃣9️⃣9️⃣

🟰🟰🟰🟰🟰

🚫🪤DON’T SCAM & DON’T BE SCAMMED💸🚫

Hong Kong Police Force

@hkpoliceforce

over 2 years ago

🚨To date,#HKPF &🇲🇴Macao Judiciary Police have respectively arrested1️⃣6️⃣&2️⃣linked to the SCAM involving highest: no. of victims—2417 amount of $ defrauded—HK$1.5 billion+ in recent years🇭🇰 as unlicensed platform #JPEX coaxed unsuspecting👨🏻👩🏻into investing in its #cryptocurrencies

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