Huang Changen, former fund manager of Qunyi Investment.

(file photo)

[Reporter Zhang Wenchuan/Taipei Report] A group of 4 stock speculators, including Huang Changen, former fund manager of Qunyi Investment, was suspected of using the head account to buy 3 stocks including Huatai, Yuanxiang, and Epistar, and then through its decision-making "Qunyi Innovation" "Technology Fund" was promoted, and the arbitrage amounted to more than 42.38 million yuan, resulting in more than 57 million yuan of indirect losses to Qunyi Investment Trust and more than 23.25 million yuan in damages to the fund. Huang Changen pleaded guilty during the investigation and reached a high-value settlement with Qunyi Securities. The new regulations for commutation, according to the crime of breach of trust in the Securities Investment Trust and Consulting Law, Huang Changen was sentenced to 2 years in prison, suspended for 5 years, and paid 3.5 million yuan to the public treasury, 180 hours of compulsory labor, 4 sessions of legal education, and confiscated 25.87 million yuan Yu Yuan proceeds of crime.

The accomplice Lin Yanhe and three others also pleaded guilty and returned their illegal gains. They were all given light sentences.

Lin Yanhe was sentenced to 1 year and 6 months in prison for each of the 2 crimes, and was fined 2 million yuan, suspended for 5 years, paid 2.5 million yuan to the public treasury, 120 hours of voluntary labor, 3 sessions of legal education, and confiscated 3.02 million yuan in criminal proceeds.

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Head accounts Liang Jiafeng and Huang Yixiang were both sentenced to 5 months in prison for money laundering, a fine of 500,000 yuan, probation for 4 years, payment of 1 million yuan to the public treasury, 60 hours of voluntary labor, and 2 sessions of legal education.

The prosecution also found out that Zhang Henghao, then a salesman of Uni-President Securities, was suspected of leaking secrets. He was sentenced to two months in prison for leaking secrets, suspended for three years, 40 hours of compulsory labor, and one session of legal education.

The entire case is still subject to appeal.

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