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South Korean Prosecutor Jailed for Leaking Sensitive Information
A South Korean prosecutor was jailed for leaking sensitive information in a high-profile crypto fraud case, as reported by domestic media outlets. The Gwangju District Court’s Criminal Division sentenced an unnamed prosecution investigator (aged 56) in the city of Mokpo to a year in prison.
Background of the Case
- The prosecutor took a bribe in exchange for disclosing information about an active prosecution and police probe into altcoin-related fraud.
- A suspected fraudster (aged 45) hired a “broker” to bribe several public officials, leading to a total of 15 prosecutors and police officials facing trial on suspicion of corruption.
- The broker (aged 63) attempted to derail the investigation by paying cash bribes and providing “entertainment” to the prosecutor.
Details of the Case
The court heard that the broker spent almost $10,000 trying to convince the prosecutor to halt the probe. The broker had close relationships with high-ranking prosecutors and police officers, and also provided legal advice to the suspected fraudster.
Despite initial denials, the prosecutor eventually confessed to certain charges during the trial. The court ruled that the prosecutor had leaked confidential information and accepted bribes.
Verdict and Sentencing
The presiding judge noted that the prosecutor had received money and valuables on three occasions, undermining the public’s trust. The prosecutor was found guilty of receiving money but received a relatively lenient sentence due to admitting to some crimes and long years of public service.
On the other hand, the broker was sentenced to three years and six months in prison for bribery and attempting to obstruct a police investigation. The suspected fraudster, who gave the broker money and valuables worth over $1.1 million, is believed to have cheated investors out of approximately $2.1 million.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
