South Korea's Supreme Court upholds February's decision to sentence QRC Bank CEO to 10 years in prison
The South Korean Supreme Court sentenced a cryptocurrency fraudster who scammed $153 million to 10 years in prison, upholding the ruling from February. On February 9th, Jinse Finance reported that the Seoul Central District Court sentenced the CEO of QRC Bank in Korea, Gao, to 10 years in prison for fraud and other charges in the first trial. Two other collaborators of QRC Bank were also sentenced to 5 years and 3 years in prison respectively. Under the double punishment rule, QRCBank Corporation, QRC Korea, and World ChainCo, Ltd. were fined 10 million won and handed over for trial.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
CandyBomb x RAVE: Trade futures to share 200,000 RAVE!
Bitget TradFi: Trade gold, forex, and more assets in one account
CandyBomb x US: Trade to share 5,400,000 US
[Initial Listing] Bitget to list Almanak (ALMANAK). Grab a share of 4,200,000 ALMANAK
Trending news
MoreCrypto prices
More
