XPEC CEO FACES 30 YEAR SENTENCE FOR SECURITIES FRAUD|樂陞案偵結 許金龍遭檢方求刑30年

Taipei District Prosecutors Office closed the case on the takeover of XPEC Entertainment by Bai Chi Gan Tou Digital Entertainment. Aaron Hsu, the ex-XPEC CEO, was given 30 years in prison over a breach of the Exchange Securities Act, including violating laws such as embezzlement, private placement and insider trading. Independent directors Sisy Chen, Lee Yong-ping, along with Yiin Chii-ming are listed defendants and they are subject to a separate investigation. With his head down, ex-XPEC CEO Aaron Hsu, still in custody, was found embezzling the company's money following the default settlement of XPEC by Bai Chi Gan Tou Digital Entertainment. He made a profit of more than NT$ 4 billion from the illegal private placement of XPEC shares five times and engaging in arbitrage before the official announcement of the takeover. He was given 30 years in prison over breaching the Exchange Securities Act. ==CHANG CHIEH-CHIN Taipei Dist. Prosecutors Office Spokesperson== As a CEO, Aaron Hsu deceived board of directors instead of running the company in a right way. He took advantage of the company's assets in his interests. Besides, he used his position to manipulate the offering and issuance of securities and worked with stock operators to make a profit. Late last year, XPEC announced Bai Chi Gan Tou Digital Entertainment bid NT$ 128 per share for the takeover. The price skyrocketed and investors bought lots of the shares. However, last August, the settlement default of XPEC caused major losses to investors in the end. Prosecutors looked into the case of possible speculation on stocks and found out Aaron Hsu and Yang Jui-jen, the well-known bandit for the highest amount of stock transaction embezzlement, were behind the scenes. Independent directors Sisy Chen, Lee Yong-ping and Yiin Chii-ming are listed defendants and will face a separate investigation. ==CHEN DE-HUI XPEC Investor Self-Help Association convener== The indictment did not mention where the NT$ 4 billion came from, nor did it mention any conglomerate or financier offered the cash. As to the culprit, there is no clear description. I don't think the indictment is clear enough. Investors suffered major losses. Besides, XPEC Investor Self-Help Association is not satisfied because they think prosecutors did not clarify whether Investment Commission and CTBC Bank should hold responsible. They intend to seek national compensation after the Chinese New Year. TRANSLATED BY：BRYANT CHANG 低著頭，被收押的樂陞科技前董事長許金龍，因為日商百尺竿頭併購樂陞違約破局，遭到檢方查出，他涉嫌在擔任董座期間，侵占公司款項，5次利用非法私募股票來牟利，更在公開收購案消息發布前，買賣樂陞股票套利，種種犯行，獲取不法所得超過40億，被依檢方依違反證交法等罪起訴，求刑30年。 ==台北地檢署 襄閱主任檢察官 張介欽== 許金龍身為樂陞公司的負責人 竟不思正途經營公司 欺瞞董事會 破壞公司治理　 應用高度的財務槓桿　 圖一己之私利　 再利用樂陞公司內部人身分之便　 操控有價證券之發行募集等事宜　 結合股市作手　 利用交易市場牟利 樂陞在去年5月底宣布，日商百尺竿頭要以每股128元，收購樂陞，股價就一路衝高，散戶則紛紛買進，不料，在當年8月底，收購案確定破局，導致投資人大失血，檢方懷疑，有人刻意炒作，進而查出，許金龍用人頭套利，還發現盜領國票百億案的主謀楊瑞仁，也是同夥，對他提起公訴，另外，樂陞董事陳文茜、李永萍和尹啟銘等人，被列為被告，將另案偵辦。 ==樂陞自救會總召集人 陳德輝== 那起訴書說 所謂40億金流 是從哪裡來 他也沒有講 這東西 是不是背後有個集團 或是有金主所提供的 那主謀是誰 通通也沒有講的很清楚 我是認為 整個起訴的內容 是非常的不足夠 投資人血本無歸，樂陞自救會不滿，投審會、中信金等疏失責任，檢方都沒有釐清，為了自救，將在春節後，對投審會提出國賠求償。 記者 蔡慧玲 林志堅 張國樑 台北報導