Korean Sports Council Employee Accused of Embezzling Colleagues' Salaries for Bitcoin Investment

IconCryptoNewsTerminal Staff15 Aug, 2024

cryptonews.jpg

Korean Sports Council Employee Accused of Embezzling Colleagues' Salaries for Bitcoin Investment

The Korean Sports Council has been rocked by allegations that one of its employees embezzled approximately 3.5 million won (around $3,000) from a colleague's salary to invest in Bitcoin. An internal audit revealed that the employee, identified as "A", manipulated internal emails to divert the funds from the victim's account into his own. A is then alleged to have invested these stolen funds in Bitcoin. This incident has raised concerns about financial impropriety within the Korean Sports Council and has led to calls for increased oversight and transparency. The Council has vowed to cooperate fully with the investigation and to take appropriate disciplinary action against any employees found to be involved in wrongdoing.

Related News