Korean actress Hwang Jung Yu left jeju district court in tears on Thursday after receiving a two-year suspension sentence for embezzling $3 million from her agency to invest in code.
The court handed the fan the suspended sentence. This means that she will not serve in prison unless she commits another crime within four years because she violates South Korea’s conduct regarding the worsening punishment of a particular economic crime. Korea’s Junggan Daily Report.
The prosecutor wanted 3 years prison In August, however, the judge cited her status as the first criminal to pay the full amount and pay full compensation.
Fan embezzled about 4.34 billion won ($3.1 million) from the agency in early 2022, according to the indictment cited in the report.
Approximately 4.2 billion won of that amount was invested directly. CryptoThe rest was used to pay property and local taxes via credit card payments, Decryption It has been reported Previously.
Stadelmann, CTO, Common Decryption Although East Asian and Western regulators now show that “similar results are shown in regards to enforcing laws against cryptographic embezzlers,” the West has historically had the advantage of “blockchain analysis.”
Asia is “catching up,” he pointed out, saying South Korea can turn to financial management that implements “transparency, disclosure, and accountability” in celebrity crypto promotions, and “transparency, disclosure, and accountability” on standards that can guide surveillance of talent agencies and sports companies.
In Hwang’s case, the company involved was a family-owned company owned by her alone, with only one actor under management. At her first trial on May 15, fans accepted all claims and requested additional time to pay off the full amount.
The court showed generosity after fans sold their personal assets and repayed the entire amount they embezzled in installments.
She returned about 3 billion wins in her first trial, covering the rest on May 30th and June 5th.
“I was just trying to work hard and live honestly, but I ignored financial and tax issues, which led to this situation,” fans said at her final hearing on August 21.
Her legal team said the misused funds stem from her personal entertainment revenue and were temporarily bound by her name as the company is restricted from holding the code directly.
“The agency’s interests ultimately stem from the defendant’s own work, so they can be considered to belong to her,” Fan’s lawyer told the court.
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