According to "Convergence News", the Taipei District Court held its first hearing on Thursday (6th) in the ACE Ace Exchange fraud case. One of the main suspects, Lin Genghong, denied committing the crime and argued that the prosecutor in the previous case told him that virtual currencies could be bought and sold. But we can’t commit fraud, so we hired a professional team to run it.
In April this year, Ace Exchange founder Pan Yi-chang, lawyers Wang Chenhuan, Lin Genghong and others were charged with fraud, money laundering and other crimes by the Taipei District Prosecutor's Office for allegedly inducing victims to invest in non-realizable virtual currencies, making a profit of nearly NT$800 million. Prosecution.
Lin Genghong argued in court yesterday that the prosecutor in the previous case told him that virtual currencies could be bought and sold, so he asked Pan Yizhang, the founder of the ABA accelerator, which was subsidized by the Ministry of Economic Affairs, to establish the Ace Exchange, which is tutored by KPMG, and is professionally responsible for assisting in blockchain and virtual currency tutoring. . Lin Genghong also emphasized that the supervisors and employees involved all have very high professional knowledge. He uses the highest standards and the most rigorous attitude to perform legal actions. Everything is a new creation of virtual currency from the beginning, and it is definitely not hypocrisy and fraud. form to deceive consumers, so he has no intention of defrauding.
According to reports, the suspect in this case deceived unspecified people into investing in MOCT (Magic Coin), CSO, Five virtual currencies including FITC, NFTC and BNAT.
Lin Genghong's defense lawyer stated that there was no guarantee of profit in the Ace Exchange case, that all funds were kept with complete record vouchers, and that there was no cover-up or concealment of criminal intent, and that the IMBA society was not a criminal organization established to commit fraud. Another lawyer said that if Lin wanted to commit fraud, he could do it in a simpler way and it didn't need to be so complicated.
In addition, according to Mirror News, re-custody defendant Lin Genghong, who was summoned to court yesterday, made a "YA" gesture to the media when he stepped out of the prison van. In addition to Lin Genghong and defendant Lin Ruoqiao appearing in court, the mother and daughter of the abbot of Yilan Jingshe, who were suspected of helping hide stolen money, were also summoned to the court. The whole case is still under trial.
Source: Confluence News Network, Mirror News
This article Lin Genghong, the main suspect in the Ace Exchange fraud case, denies committing the crime and pleads that he is a new business owner and has no intention of committing fraud. It first appeared on Zombit.
