CHING LEE market manipulation case, 3 defendants sentenced to 4 years 4 months to 6 years 8 months in prison
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Three defendants in the CHING LEE market manipulation case have been sentenced to imprisonment ranging from 4 years 4 months to 6 years 8 months. This is the first criminal prosecution case under the Securities and Futures Ordinance heard in the original court. The SFC stated that it will continue to crack down on market manipulation activities to protect the credibility of investors and the Hong Kong securities market. This case involves false trading offenses, resulting in illegal profits exceeding HKD 124 million
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