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cryptonews
2023-02-09 10:30:00

Bogus Crypto Bank Chief Jailed for 10 Years After Duping Investors out of $181m

Bogus Crypto Bank Chief Jailed for 10 Years After Duping Investors out of $181m

The CEO of a bogus South Korean crypto bank has been handed a 10-year jail term – after cheating investors out of a total of $181 million. The news outlets Chosun and Newsis reported that the CEO (surnamed Ko) led a firm named QRC Bank. Ko was convicted of fraud and other charges. Two other QRC executives were also jailed, one for five years and the other for three.... Read More: Bogus Crypto Bank Chief Jailed for 10 Years After Duping Investors out of $181m

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