Prosecution Appeals 6-Month to 12-Year Sentence in \

IconCryptoNewsTerminal Staff01 Aug, 2024

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Prosecution Appeals 6-Month to 12-Year Sentence in \

Prosecution Seeks Harsher Sentence in "MZ Group" Scamcoin Case The prosecution has filed an appeal against the prison sentences handed down to the "MZ Group," which was found guilty of swindling victims of illegal multi-level marketing companies out of approximately 7 billion won through a scamcoin scheme. The initial court ruling sentenced members of the group to terms ranging from 6 months to 12 years, falling short of the prosecution's request for 5 to 15 years. The prosecution argues that the light sentences fail to reflect the severity of the crime, as a significant portion of the financial losses incurred by victims remains unrecovered. Prosecution Dissatisfied with Original Verdict The prosecution expressed its disappointment with the original ruling, stating that it "was too lenient and failed to adequately punish the individuals responsible for this large-scale fraud." The prosecution will pursue a heavier sentence through its appeal. This case serves as a reminder of the potential risks associated with illicit investment schemes and the importance of conducting thorough due diligence before investing.

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