40 billion won illegal coin sales broker sentenced to 3 years in prison

IconCryptoNewsTerminal Staff11 Jul, 2024

cryptonews.jpg

40 billion won illegal coin sales broker sentenced to 3 years in prison

On the 11th, the Seoul Southern District Court sentenced CEO A, who was indicted on charges of violating the Specific Financial Information Act, to three years in prison. In addition, Director B was sentenced to two years in prison. Three employees who were indicted with them were sentenced to one year in prison and two years of probation, one year and six months in prison and three years of probation, and ten months in prison and two years of probation, respectively. They are accused of mediating coin trading, exchange, brokerage, and brokerage under the trade name 'L OTC' without reporting it to financial authorities from March 2021 to November last year.