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$1.4B V Global Crypto Scam Accomplices Avoid Jail Time in Korea
Three people involved in a bogus crypto exchange that defrauded 50,000 victims out of more than $1.4 billion will avoid jail time. The unnamed accomplices were sentenced for their roles in running V Global in South Korea, and ordered to pay substantial fines. A 60-year-old woman known only as "Ms. A" was fined about $436,000, while 63-year-old "Ms. B" faces a $307,000 penalty. The judge concluded a 57-year-old man referred to as "Mr. C" must pay $186,000. All three were given three-year prison terms, suspended for five years, meaning they'll avoid the inside of a jail cell as long as they don't reoffend. ... (full story)
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