New Taipei District Prosecutors Office cracked down on illegal investment case involving influencer surnamed Hu: Involved amount reached up to 300 million New Taiwan Dollars.

The New Taipei District Prosecutors Office recently cracked down on a case involving illegal investment and fund management, with the main suspect being a social media influencer surnamed Hu. The case involves the Hu couple operating a Facebook page and conducting fully authorized entrusted investment business in securities and futures without legal permission, with the illegal amount reaching NT$338.8 million.

Exposure of Illegal Operation Methods by Hu Surname Internet Celebrity

According to the Investigation Bureau's report, since July 2021, a man surnamed Hu has recruited over a hundred investors through a Facebook fan page, claiming to be able to trade stocks and futures on behalf of others. Although the Hu couple does not have the qualifications to legally operate entrusted securities investment business, they required investors to invest and become shareholders through a "foreign company equity agreement." After the investment funds were transferred to a designated account, the Hu man himself decided on investment targets, including domestic and foreign stocks, Taiwan Weighted Stock Price Index futures, and overseas futures.

Scale and Impact of Illegal Operations

In this case, the illegal business operated by the Hu man involved a large scale, with the amount involved reaching up to NT$338 million. These funds were not used for legitimate investment activities, but were used for high-risk financial operations without permission, causing significant losses to the investors involved.

Legal Responsibility and Follow-up Measures

According to current laws, operating entrusted securities investment business and futures management business requires approval from the relevant regulatory authorities. The actions of the Hu man violated multiple financial laws, involving illegal operation of securities business and operating futures management business without permission. The New Taipei District Prosecutor's Office is currently conducting a thorough investigation into the case and will hold those responsible accountable according to the law.

Sheng Hong Investment: A Lot of Insinuations, Lawyer Collecting Evidence

Due to speculation by some online community members, the Hu surname internet celebrity is speculated to refer to the somewhat famous investment internet celebrity "Sheng Hong Investment." However, "Sheng Hong Investment" stated in their channel: "Rumors are here again... Please do not insinuate online in various ways. Everything has been handed over to the lawyer for handling, and I will no longer respond." "Rely on invitation, a lot of insinuations, lawyer collecting evidence."