796 at least has a "money service permission" license. Whether thats enough, I dont know (actually doubt it very much), but that is completely irrelevant. The issue is the assets themselves. Fabrizzio and theswede solicited investments in an unregulated security from EU and US investors. HK laws almost certainly dont allow this either, but even that doesnt matter/ Its not because you solicit investments in a nigerian scam company that its legal here just because the supposed company is in Nigera. If you cant go after Fabrizzio, you certainly can go after theswede. Thats assuming anyone knows who he really is.
Why don't you go look up HK law and tell us what it says? Given your moronic assumptions about technology (like claiming KnC used an FPGA hardcopy because it ran the same "RTL" code as an FPGA) it would be pretty ridiculous to assume you know everything there is to know about Hong Kong law, and how it's applied.
I think he means a US citizen, such as TheSwede75, will be under US law even if the company is in Hong Kong. Just like burnside has a company in Belize. Fabrizzio, mostly likely keeps his Italian citizenship, is also under law of Italy. How Hong Kong's law is does not change this.
I think now nobody in this forum dares to piss you off anymore. 
