CEO Hsu could face 30 years for securities fraud

The China Post
Date: January 25, 2017
By: Sun Hsin Hsuan

TAIPEI, Taiwan — Prosecutors indicted Aaron Hsu (許金龍), the Chief Executive Officer of the local game developer XPEC Entertainment Inc. (樂陞科技) on Tuesday, advising the court to punish him with the heaviest possible sentence of 30 years in prison.

Hsu was charged for violations against the Securities and Exchange Act, with which crimes he illegally obtained more than NT$4 billion, prosecutors alleged, while asking the Taipei District Court to confiscate the money.

Charges are False: Hsu

Hsu denied all charges late Thursday, saying, “One can be killed, never humiliated.”

The indictment came months after the biggest financial scandal in Taiwan’s game developer history hit the nation last August.    [FULL  STORY]

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