Two men from China fined RM4,700 each over crypto investment scam
JOHOR BARU: Two men from China were fined RM4,700 each by the magistrate's court today after pleading guilty to conspiring to carry out a bogus online cryptocurrency investment scam earlier this month.
Two Chinese men, Chen Le, 36, and Zhong Guoxuan, 31, were each fined RM4,700 by the magistrate's court in Johor Baru after pleading guilty to their roles in a fraudulent online cryptocurrency investment scheme. The con was alleged to have taken place at Marina View Resort on September 11. They were charged under Section 120B(2) and Section 34 of the Penal Code. Section 120B(2) carries a maximum penalty of imprisonment for up to six months, a fine, or both upon conviction. They were unrepresented.
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