"The Godfather of Optoelectronics" printed stocks and exchanged banknotes to attract hundreds of millions of dollars, and transferred it to the Beijing Inspection and Quarantine Office. Lawyer Li Yusheng explained the legal issues related to illegal money-making and violation of the Securities and Exchange Law.

The "Godfather of Optoelectronics" printed stocks and exchanged banknotes to attract hundreds of millions of dollars and transferred it to Beijing Inspection and Quarantine | FTV News

News link:https://youtu.be/-sW7fo4A1KA

Professor Xie, known as the godfather of optoelectronics, founded Shenjiang Creative Company, which was accused by investors of using the same tactics as in the movie The Wolf of Wall Street. It relied on salespeople to make phone calls to sell unlisted stocks. It has been selling unlisted stocks for more than two years. It has attracted more than 100 million yuan, but it has not been listed on the counter yet, and even the salespeople have lost contact. Investors feel cheated and formed a self-help group to file a lawsuit. On Tuesday night, Professor Xie and others were found guilty of violating the Securities and Exchange Act and were transferred to the Taipei Procuratorate. The Department responded to the request.

Wearing a light blue shirt and tie, Professor Xie, known as the Godfather of Optoelectronics, walked out of the waiting room with a tired look. He was involved in a money-sucking case. On Tuesday night, he was transferred to the Taipei District Prosecutor's Office for prosecution on suspicion of violating the Securities and Exchange Act. news.

Facing reporters' questions, he didn't say a word. As the founding director of the Institute of Optoelectronics of Jiaotong University, he founded "Shenjiang Creative Company" in 2013. Its main products are thermopile chips, commercial infrared sensing chips and other research and development, but it was Investors complained that since 2020, the business has continuously boasted about the company's prospects and sold stocks to the outside world through phone calls. In the past two years, it has attracted hundreds of millions of dollars, but it has not yet been listed on the OTC. Not only the salesperson has lost contact, but also the exclusive development Technical professors also quit the company long ago, making investors feel cheated and formed a self-help group to sue.

Lawyer Li Yusheng said, "This suspect may be considered to have provided false information, causing investors to make mistakes in their investments, so the investigation was conducted on suspicion of securities fraud. So, is the person in charge of the company completely unaware of it, or is it? It is said that the boss of the company gave such instructions to the employees, and this is also an investigation that needs to be carried out."

Investors complained that the entire incident was a trope straight out of the movie The Wolf of Wall Street. The Taipei District Prosecutor's Office has also directed the investigation bureau to search the company and related offices in 11 routes. They have interviewed 6 people including Professor Xie and the current chairman surnamed Song. The entire case is under investigation.

Fuda Law Firm
Line：https://line.me/ti/p/@fdlaw
Tel:0277093611
Facebook:https://www.facebook.com/fudalawyer
website:https://fdlaw.com.tw/
e-mail:info@fdlaw.com.tw