Celebrity Downfall: South Korean Actress Sentenced For $3-M Crypto Scam
South Korean actress Hwang Jung-eum was handed a suspended prison term on Thursday after a court found she took company money and used most of it to buy cryptocurrency. According to the Jeju District Court, the total amount involved was about ₩4.34 billion — roughly $3.1 million — and the case has stirred sharp public […]
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Singapore and the United Arab Emirates have climbed to the top of recent crypto adoption lists, with different reports placing the city-state and the Gulf federation among the most digital currency-friendly places on earth. Related Reading: Celebrity Downfall: South Korean Actress Sentenced For $3-M Bitcoin Scam According to Henley & Partners and surveys compiled by […]
The Bombay Stock Exchange (BSE) in India has reportedly rejected the public listing of Jetking Infotrain, an IT training company, on the grounds of intended capital use for crypto investment. This decision comes amid a flurry of digital asset treasury companies worldwide. Related Reading: Celebrity Downfall: South Korean Actress Sentenced For $3-M Crypto Scam Crypto […]
South Korean authorities have arrested and indicted the CEO of a tech firm and his accomplice for fraud. The two men are suspected of orchestrating a crypto scheme of over 500 billion won that took advantage of elderly people with false promises of massive returns. The scam is estimated to have over 10,000 members and […]
The seven executive employees of the South Korean V Global exchange were found guilty on Friday for the crypto fraud of 2 trillion won ($1.7 billion), authorities sentenced them to jail with hefty fines, per the Forkast report. Acting like a Pyramid Scheme, V Global exchange required investors to deposit 6 million won ($5000) for 300% ROI […]
The mastermind of what the U.S. Department of Justice calls a scam of “epic proportions” has been sentenced to 10 years in prison. His crypto scheme collected over $147 million, duping 72,000 investors. He is also ordered to pay the U.S. Internal Revenue Service more than $1.8 million for tax evasion. Scam Involving Fake Cryptocurrency The U.S. Department of Justice (DOJ) announced Monday that a California man, Steve Chen, has been sentenced to 10 years in federal prison for his “leading role” in a major crypto fraud case. Judge John Walter called Chen’s....