A South Korean civil servant, known as Person A, has been found to have embezzled $342,000, including funds for flood recovery donations, for personal crypto investments. The official used forged documents and unauthorized use of the mayor's seal to open a bank account and intercepted funds. The embezzlement took place over six years, but the full extent of the crimes was only revealed in an audit report. South Korea has been grappling with transparency issues in public office, including a recent case of a former Democratic Party member moving crypto earnings off the books. The civil servant's activities are now under review in the High Court for possible extension or overturning of the initial sentence.
Content Editor ( decrypt.co )
- 2025-03-12
New Evidence Reveals Extent of South Korean Official’s Crypto Investment Fraud
