Details of the Indictment Against Haru Invest Executives for the '1 Trillion KRW Coin Exit Scam'
Prosecutors have specified in the indictment against Haru Invest executives, who deceived customers into depositing virtual assets worth 1.4 trillion KRW and then prohibited withdrawals, that they entrusted the management of 1.31 trillion KRW worth of virtual assets to an unqualified operator who did not meet the selection standards.
According to the indictment filed on the 10th against the joint CEOs of Haru Invest, Mr. A (44) and Mr. B (40), and the business director Mr. C (40), they began entrusting the management of 90 Bitcoins in August 2020 to Mr. D, an unqualified operator who did not meet the criteria for selecting external asset managers.
(omitted)
The Virtual Asset Crime Joint Investigation Unit of the Seoul Southern District Prosecutors' Office (headed by Chief Prosecutor Lee Jeong-ryeol) filed detention indictments against these individuals on the 22nd and indicted the company's Chief Operating Officer, Mr. E (38), without detention.
Hyeonsu “Elliot” Jin and Pureun “Ian” Hong, Managing partner at Decent Law Firm, representing the victims, stated, "This case is a global fraud scheme, with victims from more than 20 different nationalities. Their crimes must be thoroughly revealed during the trial process."
