Two Chinese men were fined RM4,700 each by the magistrate’s court today after pleading guilty to conspiring to carry out a bogus online cryptocurrency investment scam.
Chen Le, 36, and Zhong Guoxuan, 31, entered their guilty pleas after the charge was read before magistrate Atifah Hazimah Wahab.
The court subsequently imposed a RM4,700 fine on each accused.
The pair were charged under Section 120B(2) of the Penal Code with being party to a criminal conspiracy by agreeing to commit an unlawful act involving a non-existent online cryptocurrency investment scheme.
The offence was allegedly committed at Marina View Resort in Bandar Baru Permas Jaya at 1.09pm on Sept 11.
The charge was read together with Section 34 of the Penal Code, which deals with common intention.
Section 120B(2) provides for a maximum of six months’ imprisonment, a fine, or both upon conviction.
Deputy public prosecutor Sarah Siti Aisyah Mustapha Kamal appeared for the prosecution, while both accused were unrepresented.
