District Court set trial date for members of a sophisticated ramp-and-dump syndicate. The trial will begin on 14 September 2026. The defendants, including Stevens Yip Chi Fai, So Lung Ying, Lau Ka Wing, and Chan Sin Ying, pleaded not guilty to conspiracy charges under the Securities and Futures Ordinance and the Crimes Ordinance. Bail was granted with specific conditions.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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On April 15, 2025, the District Court scheduled the trial date for Stevens Yip Chi Fai, So Lung Ying, Lau Ka Wing, and Chan Sin Ying, who are integral members of an alleged sophisticated ramp-and-dump syndicate. The trial is set to commence on 14 September 2026.
These proceedings stem from an investigation by the Securities and Futures Commission ("SFC"). The defendants, Yip, So, Lau, and Chan, have entered not guilty pleas to charges of conspiracy to engage in a scheme with the intent to defraud or deceive in securities transactions, in violation of the Securities and Futures Ordinance ("SFO") and the Crimes Ordinance (Notes 1 and 2).
Bail pending trial has been granted to the four defendants, subject to the following conditions:
- They must remain in Hong Kong
- They must surrender all travel documents
- A cash bail of $500,000 for Yip, $50,000 for So, $400,000 for Lau, and $400,000 for Chan has been set
- They must reside at their reported residential address and notify the Police of any changes to their residential address in advance
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