Chen Chien-lin Accused of Stock Manipulation, Profiting Over NT$260 Million; Prosecutors Seek 16-Year Sentence
Taipei prosecutors have indicted Chen Chien-lin, Li Ming-yuan, and a former securities broker surnamed Wu for manipulating shares of Megaforce Technology. Chen Chien-lin allegedly profited over NT$260 million through high-priced purchases and matched orders. Despite a previous conviction and being a fugitive, Chen continued his illicit activities, leading prosecutors to seek a 16-year sentence.
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- 📰 Published: April 8, 2026 at 12:24
- 🔍 Collected: April 8, 2026 at 13:00 (36 min after Published)
- 🤖 AI Analyzed: April 15, 2026 at 19:18 (174h 17m after Collected)
Taipei District Prosecutors Office indicted Li Ming-yuan for manipulating shares of the listed company Megaforce Technology (formerly Uniwill Computer Corp.) between November 30, 2015, and April 29, 2016, through high-priced purchases and matched orders, realizing a profit of over NT$3.76 million and a notional profit of over NT$10.88 million, totaling over NT$14.64 million.
According to the indictment, Chen Chien-lin and a former securities broker surnamed Wu manipulated Megaforce shares between February 22, 2017, and October 26, 2017, realizing a profit of over NT$107.07 million and a notional profit of over NT$228.37 million, totaling over NT$335.45 million.
The indictment also stated that Chen Chien-lin and the broker surnamed Wu manipulated Megaforce shares again between February 6, 2018, and May 22, 2018, resulting in a realized loss of over NT$43.62 million and a notional loss of over NT$32.10 million, totaling over NT$75.72 million.
Furthermore, according to the indictment, Chen Chien-lin and the broker surnamed Wu continued to manipulate Megaforce shares between April 15, 2019, and December 31, 2019, realizing a profit of over NT$3.79 million and a notional profit of over NT$2.15 million, totaling over NT$5.95 million.
In addition, Chen Chien-lin was wanted in another case. His friend, surnamed Chiang, helped Chen evade police by providing Chen's photo to the Kinning Township Household Registration Office in Kinmen County in December 2016. Chiang applied for a new ID card for Chen under the pretext of household relocation, allowing Chen to impersonate Chiang. In March 2017, Chen used this false identity to apply to the New Taipei City Government to establish Yubo Industrial Co. for stock manipulation, and to evade police.
Taipei prosecutors today indicted Chen Chien-lin, Li Ming-yuan, and the broker surnamed Wu for violating the Securities Exchange Act by manipulating securities trading prices. Chen Chien-lin's friend, surnamed Chiang, was also indicted for violating the Household Registration Act by providing a national ID card for impersonation.
The indictment pointed out that Chen Chien-lin was previously sentenced to 3 years and 6 months in prison for stock manipulation in 2004. He fled to evade his sentence but showed no remorse, continuing to manipulate stocks for profit while a fugitive. Prosecutors deemed Chen Chien-lin's actions egregious, his attitude after the crime poor, and his lack of repentance, seeking a 16-year sentence. Li Ming-yuan was also deemed by prosecutors to have made evasive statements and denied his actions, and was sought for a 4-year and 6-month sentence.
According to the indictment, Chen Chien-lin and a former securities broker surnamed Wu manipulated Megaforce shares between February 22, 2017, and October 26, 2017, realizing a profit of over NT$107.07 million and a notional profit of over NT$228.37 million, totaling over NT$335.45 million.
The indictment also stated that Chen Chien-lin and the broker surnamed Wu manipulated Megaforce shares again between February 6, 2018, and May 22, 2018, resulting in a realized loss of over NT$43.62 million and a notional loss of over NT$32.10 million, totaling over NT$75.72 million.
Furthermore, according to the indictment, Chen Chien-lin and the broker surnamed Wu continued to manipulate Megaforce shares between April 15, 2019, and December 31, 2019, realizing a profit of over NT$3.79 million and a notional profit of over NT$2.15 million, totaling over NT$5.95 million.
In addition, Chen Chien-lin was wanted in another case. His friend, surnamed Chiang, helped Chen evade police by providing Chen's photo to the Kinning Township Household Registration Office in Kinmen County in December 2016. Chiang applied for a new ID card for Chen under the pretext of household relocation, allowing Chen to impersonate Chiang. In March 2017, Chen used this false identity to apply to the New Taipei City Government to establish Yubo Industrial Co. for stock manipulation, and to evade police.
Taipei prosecutors today indicted Chen Chien-lin, Li Ming-yuan, and the broker surnamed Wu for violating the Securities Exchange Act by manipulating securities trading prices. Chen Chien-lin's friend, surnamed Chiang, was also indicted for violating the Household Registration Act by providing a national ID card for impersonation.
The indictment pointed out that Chen Chien-lin was previously sentenced to 3 years and 6 months in prison for stock manipulation in 2004. He fled to evade his sentence but showed no remorse, continuing to manipulate stocks for profit while a fugitive. Prosecutors deemed Chen Chien-lin's actions egregious, his attitude after the crime poor, and his lack of repentance, seeking a 16-year sentence. Li Ming-yuan was also deemed by prosecutors to have made evasive statements and denied his actions, and was sought for a 4-year and 6-month sentence.
FAQ
What is Chen Chien-lin accused of?
Chen Chien-lin is accused of manipulating shares of Megaforce Technology, violating the Securities Exchange Act, and continuing to manipulate stocks for profit while a fugitive.
What sentence is sought for Chen Chien-lin?
Prosecutors are seeking a 16-year sentence for Chen Chien-lin, citing the egregious nature of his actions, his poor attitude after the crime, and his lack of repentance.