Seven executives of the collapsed South Korean scam cryptocurrency exchange, V Global, were recently handed lengthy jail sentences as punishment for their role in running one of the country’s biggest crypto frauds.Seven former masterminds of the now-defunct scam crypto exchange, V Global, were recently given jail sentences for their part in misappropriating nearly $1.9 billion in investors’ funds.
However, the report reveals that the jail sentences given to the CEO and his co-conspirators are in fact closer to the most severe punishment that is usually meted out to property crimes offenders. The verdict on one of South Korea’s biggest crypto scams potentially sets a benchmark for the legal punishment that is handed to persons that commit crypto related-crimes.
Most of the victims were middle-aged or senior citizens who dreamed of a stable life after retirement. The lawyer also revealed that one of the victims from the 52,419 investors that lost their funds has already committed suicide. While some of the investors did receive a portion of their funds, the report said a majority of the victims lost everything.
Many of V Global’s victims were lured into the scam after they were promised guaranteed returns of more than 300% on every $5,000, or six million Korean won, that was invested. In addition to the “guaranteed” return, V Global investors that brought in new participants were promised a commission of $1,000.
$CSV...the next big thing CassavaNetwork
Bitfinex will never allow this to happen
Security is the most valuable asset that is not easily obtained. Our eyes are always open. So that your crypto property is at peace. SpyWolfNetwork spywolf bitcoin ethereum Doge binance bscgem
Security is the most valuable asset that is not easily obtained. Our eyes are always open. So that your crypto property is at peace. SpyWolfNetwork spywolf bitcoin ethereum Doge binance bscgem
Small punishment for high crimes encourage criminals.
Let’s talk about Cherry Cherry_Network it’s is a community-governed, open source blockchain project seeking to trustlessly bridge Web 3.0 applications with decentralized file storage. Don’t miss out.. Mainet launches in March
Did you know that you can earn BNB by simply holding $SPY🤑 Your rewards get accumulated in a reward pool and then delivered straight to your wallet every few days. The longer you hold, the more BNBs you get! 😱 spy spywolf SpyWolfNetwork
Congratulations to everyone who benefited from the company. Believe it this platform is legit and paying Registration fee:$0:00 Daily earning :$1000 Weeky earning $7500 Monthly:$15,000 Instant cash out 👍 Just click on the link 👇👇👇👇👇👇👇👇
Thanks so much for this gift SHlBAlNU_BONUS
SHIBA the best 🌠💯 Airdrop SHIB SHlBAlNU_BONUS
Thanks so much for this gift SHlBAlNU_BONUS
spywolf
spywolf
Make 30x profits in 24hrs using the ETH smart contract frontrun trading bot.
Besides a lovely promotion for the valentine's Day, Uquid physical shop has 30% discount for all products
WHALE 🐋 Oceantokens base token with a great potential. It's the last and biggest ocean creature named token with a lot of environmental benefits And they are also do Giveaways Among their top holders of this token so don't miss this to get rewards only for holding WHALE 🪙
Please help me. I'm in need of money. USDT TRC20 TLoYzXTVaz5ha3kZZfzdrx5jWFgd8HBC7Y
I am memolog
finally some good news today
📢In case you didn't know 📢 PayItNow_PIN A portion of all transaction fees is redistributed back to the holders of $PIN 🤑 Hold PIN 🪙 👉Earn more PIN 🪙🪙 PayItNow BSC passiveincome BSC BNB Crypto
The Tesla of housing Yes accepting Crypto now Boxabl GalianoTiramani PaoloMBTiramani cryptocurrencies
TokenAinu 40k holders Playtoearn game ❤️⚽ AinuBallP2E AİNUSWAP platform AİNUNFTs and AİNUGAMES web3 RACA Metaverse DeFi BEP20 Bitcoin MEXCGlobal Izzy Whittaker SHIB UFC271 Cudi PinkSunday Kanye ステイシ Kuminga VamosLaU ゼンカイジャー
$BRISE