Taiwan’s Bureau of Investigation has referred popular Taiwanese singer Nine Chen to the prosecutor’s office in Taipei on charges of gross fraud and violating banking laws for her alleged involvement in a fraud scheme linked to Hong Kong’s JPEX exchange, according to local media reports.

Following an investigation, Chen, who reportedly received 320,000 USDT last year to act as JPEX’s brand ambassador, was found to be involved in JPEX-related fraudulent activities in Taiwan, local newspaper United Daily News reported on Wednesday. Prosecutors have not yet filed formal charges against Chen.

The singer’s investigation comes after Hong Kong authorities cracked down on JPEX’s local operations last year and arrested dozens of suspects in a HK$1.6 billion ($204.9 million) fraud case. Many investors in Taiwan were also affected.

In October, prosecutors called Chen as a witness but later listed him as a defendant. Chen told local media at the time that his investments through JPEX exceeded his approval revenues and his assets lost about 15% of their value.

Taiwan has been requiring virtual asset service providers to comply with anti-money laundering laws since the Financial Supervisory Commission (FSC) enacted these rules in July 2021. However, JPEX has not registered with the FSC for AML compliance.

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