Suspected core member of syndicate charged in ramp-and-dump case

enforcement

Another suspected core member of a syndicate involved in ramp-and-dump market manipulation has been charged with criminal offenses, bringing the total to 21. Chow Chi Man was charged with conspiracy to defraud and conspiracy to employ a scheme to defraud or deceive in securities transactions. The case has been adjourned until October 4, 2023, and Chow was granted bail on certain conditions. Investigations into ramp-and-dump stock investment schemes and suspected money laundering activities are ongoing, and no further comments will be made at this time.

resource: https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=23PR29

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