Read the full judgment text of HCA 2189/2016 on BabelCite. This High Court CFI judgment was delivered on 20 April 2022.
1. This is the trial of the action commenced by the Securities and Futures Commission (“SFC”) against the Defendants (“Ds”). The trial took place in the absence of Ds, who never appeared in these proceedings. In short, SFC’s case is that Ds were parties to a Ponzi and pyramid scheme; and a number of Hong Kong residents had fallen victims to such fraudulent scheme.
Cited by 2 cases · Cites 1 case