From TokenPost · · 40s
South Korean Court Acquits Crypto Operator
South Korean court clears crypto operator Jonber Kim in $230m fraud case.
In brief
South Korean court clears crypto operator Jonber Kim in $230m fraud case. South Korean court acquitted Jonber Kim in $230 million crypto fraud case after prosecutors failed to link project promotions to purchases. Originally reported by TokenPost.
South Korean Court Acquits
South Korean court acquitted crypto operator Jonber Kim on Oct. 15 after prosecutors failed to link project promotions to purchases in a $230 million crypto fraud case.
Prosecutors Lacked Evidence
Prosecutors did not prove individual investors bought tokens due to misleading claims about POD and ATT projects.
Other Defendants Sentenced
Two defendants received suspended prison terms for submitting false materials during Coinone’s listing-renewal review process.
The key point
South Korean court acquitted Jonber Kim in $230 million crypto fraud case after prosecutors failed to link project promotions to purchases.
