Seven foreigners claim trial over Forest City crypto scam
JOHOR BARU: Seven Chinese men, including three students, claimed trial at the magistrates’ court here today to conspiring to cheat through a fictitious cryptocurrency investment scheme at Forest City earlier this month.
Seven Chinese men, including three students, have claimed trial at a magistrates court in Johor Baru, Malaysia, for allegedly conspiring to cheat through a fictitious cryptocurrency investment scheme at Forest City earlier this month. The accused, who pleaded not guilty, are Hong Wei Xian, Zhou Fu, Chen Lu, Yuan Shuping, Li Yi, Wang Tengfei, and Chen Xiaojia.
They face charges under Section 120B(2) of the Penal Code, which deals with conspiracy to cheat, and Section 417, which concerns cheating, carrying a maximum six-month jail term, a fine, or both upon conviction. The court has set bail at RM7,000 for each accused with two local sureties, with a mention date fixed for November 11.
Hong Wei Xian also faces immigration charges for entering Malaysia without a valid pass, for which he has been granted bail of RM9,000 with two sureties.
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