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팀 세력, SEPOWER
So-called 'Bae Yong-joon Coin' Scammed 9,000 Victims, Processor Allegedly Embezzled 15 Billion Won Through Market Manipulation
- Language: Korean
- Country: All Countries
Post summarized by durumis AI
- A case has emerged where 9,000 victims suffered losses of 15 billion won due to market manipulation of 'Queen Bee Coin,' which was promoted using Bae Yong-joon.
- Processor A, specializing in scam coins, has been indicted on charges of embezzling 15 billion won in collaboration with the issuer of Queen Bee Coin through false advertising and market manipulation.
- Prosecutors revealed that A oversaw the crime, employing executives in various fields such as marketing, finance, and organizational management, and embezzled 15 billion won.
Hello, this is SEPOWER.
Recently, the CEO of Haru Invest, who caused damages worth 1.4 trillion won,
was assaulted in court.
Not long after, a group of people who defrauded 15 billion won through market manipulation of what was called the 'Bae Yong-joon Coin'
were apprehended and brought to trial.
Cases of cryptocurrency market manipulation and embezzlement of investors' assets are surfacing almost daily.
They are coming to light.
Since they were operating outside the bounds of the law,
it seems there have been truly many unfortunate incidents.
I hope that those involved in these incidents are severely punished,
and that it is shown that one cannot achieve happiness with money obtained by causing tears to others.
I hope they are shown that they cannot find happiness with money that has caused tears to others.
A professional handler involved in the disposal of 'Queen Bee Coin', a scam cryptocurrency that used actor Bae Yong-joon for promotion, has been indicted.
He has been referred to trial.
According to legal circles on the 29th, the Seoul Southern District Prosecutors' Office's Joint Investigation Team for Virtual Asset Crimes (Chief Prosecutor Park Gun-uk) indicted A (60), a scam coin professional handler, also known as 'Sim Jeon-mu' and 'Coin President', on charges of fraud, without detention. The prosecution also indicted B (51), a senior official in charge of market manipulation within the Sim Jeon-mu organization, while in custody, and a total of 4 individuals were indicted.
From January to April 2021, they are accused of conspiring with the issuer of Queen Bee Coin, a scam coin, to take over all of the remaining Queen Bee Coins and the issuing foundation, then falsely promoting the continued operation of the Queen Bee Coin business and manipulating its price.
They are reported to have inflated the price of Queen Bee Coin and then sold 1.2 billion coins to approximately 9,000 victims, defrauding them of 15 billion won. The initial acquisition price of the coins and the issuing foundation was only 5 billion won. They distributed false promotional articles, utilized a multi-level marketing structure, and engaged in market manipulation.
They also held discount and product events where if you bought a certain coin, you would receive an equivalent amount of that coin or a Bitcoin as a bonus.
It is said that this organization even had managers in charge of marketing, finance, organizational management, multi-level marketing, market manipulation, and listing. A, the head of the Sim Jeon-mu organization, received individual reports from these managers, effectively directing the entire criminal operation.
Here is the full article related to the case.
A professional handler involved in the disposal of Queen Bee Coin, a scam cryptocurrency that used a famous actor for promotion, has been indicted for defrauding cryptocurrency investors out of 15 billion won through market manipulation and other schemes in cahoots with the coin's issuer.
The Seoul Southern District Prosecutors' Office's Joint Investigation Team for Virtual Asset Crimes announced today (28th) that it has indicted four individuals, including A, a scam coin professional handler, on charges of fraud.
A, also known as 'Sim Jeon-mu' and 'Coin President', and his associates are accused of conspiring with the issuer of Queen Bee Coin to defraud cryptocurrency investors of 15 billion won through false advertising and market manipulation.
Queen Bee Coin once enjoyed popularity, with a peak trading volume of 1200 billion, thanks to its promotion of having received investment from actor Bae Yong-joon. However, it was ultimately delisted due to market manipulation and other fraudulent activities.
According to the prosecution, the 'Sim Jeon-mu organization' led by A acquired the issuing foundation and all remaining coins from the scam coin issuer for 5 billion won. Subsequently, they distributed false promotional articles, held trading volume events, and manipulated the market using a multi-level marketing structure, defrauding 9,000 victims of 15 billion won.
A was found to have overseen the entire criminal operation, with managers in charge of marketing, finance, organizational management, multi-level marketing, market manipulation, and listing.
The prosecution explained that it has uncovered the full picture of the Sim Jeon-mu organization, indicting a total of 8 members, including the ringleader and those involved, and sending one individual to the military.
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