South Korean Prosecutor Jailed for Leaking Info in Crypto Fraud Case
South Korean Prosecutor Jailed for Leaking Files in Crypto Fraud Case
A South Korean prosecutor grow to be jailed for leaking sensitive records in a excessive-profile crypto fraud case, home media retail outlets reported on April 25.
Per Segye Ilbo, Gwangju District Court’s Criminal Division sentenced an unnamed prosecution investigator (musty 56) within the metropolis of Mokpo to a one year in penal advanced.
The court heard that the prosecutor took a bribe in alternate for disclosing records about an packed with life prosecution and police probe into altcoin-linked fraud.
South Korean Prosecutor Jailed – Extra to Educate?
The case has captivated the public attention in South Korea. Investigators think that a suspected fraudster (musty Forty five) hired a “broker” to bribe several public officers.
A entire of 15 prosecutors and police officers are currently coping with trial on suspicion of corruption – all linked to the identical broker.
The broker (musty 63) tried to derail the investigation into the suspected fraudster by paying money bribes to the prosecutor (veritably known as A).
In addition, the broker also paid for A’s “entertainment” – within the achieve of meals and golf route expenses.
In entire, the court heard, the broker spent nearly $10,000 looking out to persuade the prosecutor to stop the probe.
Prosecution officers defined that A leaked confidential records to the broker “between December 2020 and March 2021.”
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— Cryptonews.com (@cryptonews) April 24, 2024
Broker ‘Cultivated Close Relationships with Police and Prosecutors’
The broker, the court heard, grow to be a illustrious particular person who had “fashioned shut relationships with excessive-ranking prosecutors and law enforcement officers.”
A also gave the suspected fraudster correct advice and helped the latter write a enlighten, prosecution officers acknowledged.
The media outlet defined that A within the starting achieve “denied all expenses,” but started making obvious confessions “mid-trial.”
A started by asserting that that they had certainly played on golf lessons and eaten meals in restaurants, with the broker footing the invoice.
But A began to order that that they had “by no formula provided records” about the packed with life investigation.
Alternatively, the court dominated that A grow to be no longer telling the fact, accepting the prosecution’s proof about bribes.
The suspected fraudster also looks to be pleased given a enlighten indicating that A did certainly lumber on confidential records.
The presiding pick successfully-known that it grow to be resolute that A had obtained “money and valuables” on three cases.
The pick dominated that A grow to be “guilty of receiving money,” at the side of:
“[A] has undermined the public’s believe in investigative agencies, and the amount of money [A] obtained is no longer insignificant.”
Alternatively, the pick added that the court had been clement as A had “admitted to a pair crimes, albeit belatedly, and has faithfully served as a public official for over 30 years.”
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— Bloomberg (@industry) April 25, 2024
‘Broker’ Jailed for Over Three Years
The broker, meanwhile, has already been convicted of bribery and making an strive to divert the route of a police investigation.
A court sentenced the broker to three years and 6 months in penal advanced, and fined him over $1.2 million. It’s no longer yet decided if the broker intends to enchantment this verdict.
The identical court heard that the suspected crypto fraudster gave the broker “money and valuables value over $1.1 million” with which to bribe police and prosecutors.
The valuables “incorporated several imported vehicles,” prosecution officers acknowledged.
Police think the suspected fraudster cheated over a dozen crypto-alive to victims out of roughly $2.1 million.
Officers think the man duped merchants into paying him to “aquire a [crypto] procuring and selling firm.”
Additionally they think he pretended to originate NFT and Ethereum (ETH) investments on his “sufferer’s” behalf.
Source : cryptonews.com
