Chen Linong discusses JPEX endorsement fee: provided in installments, did not receive final payment, did not reach eight figures

According to yesterday's report, regarding the JPEX fraud case, Taiwan's judicial units have finally taken action and summoned Taiwan's largest JPEX spokesperson, Chen Ling Jiu, for questioning. Chen Ling Jiu claimed that the whole incident was coordinated by Liu Bai Liang, the manager of Rolling Stone Records, and he was only responsible for endorsement. He also claimed to be a victim himself. Whether the Investigation Bureau will summon Liu Bai Liang is still under evaluation.

According to reports yesterday, regarding the JPEX fraud case, Taiwan's judicial unit has finally taken action and summoned Taiwan's biggest JPEX spokesperson, Chen Ling Jiu, for questioning. Chen Ling Jiu claimed that the whole issue was arranged by Liu Bai Liang, a manager from Rock Records, and he was only responsible for endorsement. He also stated that he was a victim himself. The Investigation Bureau is still evaluating whether to summon Liu Bai Liang.

During the investigation, it was found that Chen Ling Jiu's endorsement fee reached a high eight-figure amount, far exceeding the market rate. Although Chen Ling Jiu mentioned that he had ended his cooperation with JPEX at the end of July 2023 and had taken down related promotional materials, he personally suffered a loss of 10-15% of his assets in the JPEX incident. However, since the JPEX case broke out, the company located near SOGO in Taipei's East District has disappeared, leaving Taiwanese victims with no way to seek compensation, forcing them to provide statements to the Investigation Bureau.

According to a report by SET News, during today's press conference, Chen Ling Jiu stated that he was investigated two weeks ago. He used to be very passionate about cryptocurrency, but now he feels hurt and has learned a valuable lesson through the process.

Regarding the endorsement fee, Chen Ling Jiu mentioned that the endorsement fee was provided in installments, and he has only received a portion of it so far, not the full amount, hence the fee has not reached eight figures. He did not disclose the actual amount received.