South Korea sentences Delio CEO to 15 years in prison for $50 million crypto fraud: report
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South Korean authorities sentence Delio CEO Jeong to 15 years in prison for allegedly orchestrating a $50 million crypto fraud. The sentence falls short of the 20-year term prosecutors sought, with the judge acquitting Jeong of a primary charge. This high-profile conviction underscores the growing scrutiny of crypto-related crimes in South Korea, where regulatory oversight is intensifying.
The sentence is shorter than the 20-year term that prosecutors sought, as the judge acquitted Jeong of a primary charge.