Ms. Tse Yiu Chung, who is facing charges related to “ramp-and-dump” schemes, has had her bail conditions tightened by the Eastern Magistracy. This decision was made after the Securities and Futures Commission (SFC) discovered that she had given an incorrect residential address. When Tse was brought to court, it was revealed that she had breached her bail conditions by failing to report to the police station on several occasions. As a result, her cash bail was increased from $1 million to $1.5 million, she is now required to report to the police station daily rather than weekly, and must comply with a curfew order to stay at her reported residential address from 12 am to 6 am. The case involves a total of 24 individuals who have been charged with “ramp-and-dump” offences and money laundering activities. The SFC reminds investors to be vigilant when approached by strangers on social media and to be cautious of fraudsters pretending to be well-known market commentators. The next hearing for this case is scheduled for October 4, 2023.