Prosecutors Investigating Ex-South Korean President Yoon Quiz ‘Crypto Fraudster’
Main Idea
South Korean prosecutors are investigating former President Yoon Suk-yeol and former First Lady Kim Keon-hee for alleged involvement in crypto fraud, including the manipulation of scam coins and embezzlement of investors' funds.
Key Points
1. Prosecutors interrogated Jon Bur Kim (real surname Park), a suspected crypto fraudster, for issuing and manipulating 'scam coins' and spreading fake news.
2. Former President Yoon Suk-yeol and former First Lady Kim Keon-hee are under investigation, with Yoon previously attempting to declare martial law in South Korea.
3. Prosecutors suspect Park embezzled 80.9 billion won ($58.1 million) from investors and gave money to Kim Sang-min for vehicle rental fees.
4. The case involves allegations of crypto fraud and financial misconduct linked to Yoon's administration.
Description
South Korean prosecutors probing the former President Yoon Suk-yeol and the former First Lady Kim Keon-hee have interrogated the suspected crypto fraudster Jon Bur Kim (real surname Park). Park, a crypto market maker and luxury sports car collector, has been indicted for crypto fraud . Prosecutors think he issued and manipulated two so-called “scam coins,” and manipulated their prices by issuing fake news about the tokens. However, prosecutors earlier this month established a possible link betwe...
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