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Taiwanese Prosecutors Recommend 20-Year Prison Terms for Primary Suspects in ACE Exchange Fraud https://t.co/GlEcySUaOL
🔥 The four main suspects in a fraud and money laundering case related to the ACE Exchange cryptocurrency platform face 20-year prison sentences. These include the platform's founder, David Pan, his business partner, Lin Keng-hong, and lawyer Wang Chen-huang. A total of 32… https://t.co/7SO4qnSZQ6
Taiwanese Prosecutors Indict 32 Individuals Implicated in $24.5 Million ACE Exchange Fraud Scheme #crypto #cryptocurrency #cryptoexchanges https://t.co/GlEcySUaOL
Taiwanese prosecutors have charged David Pan, founder of the ACE cryptocurrency exchange, and 31 other suspects with fraud and money laundering. The charges stem from a scheme that allegedly defrauded over 1,200 victims and involved $24.5 million. The prosecutors are seeking a minimum of 20-year prison sentences for the four main suspects, including Pan, his business partner Lin Keng-hong, and lawyer Wang Chen-huang.
