Bosses of Fraudulent South Korean Crypto Exchange V Global Jailed
South Korean authorities appear to have tightened their control over the digital asset space. As such, two high-ranking execs, named Mr.Yang and Mr. Oh of the fraudulent crypto exchange, V Global, were sentenced to eight years and three years, respectively.
During its one year of operation, V Global managed to rake in nearly 50,000 investors by promising users 12 million won in a commission similar to a pyramid scheme. Some executives were nabbed while most employees were under investigation for violating the Act on the Regulation of Similar Reception Act, fraud, and violation of the Door-to-Door Sales Act.
Source
https://t.me/Cash_Blockchain_News
