2024

Eight <a href="https://cryptonews.com/news/south-korean-tax-body-seized-crypto-worth-28-4m-from-tax-dodgers-in-2023.htm">South Korean</a> prosecutors and police officers could be trialed in connection to the high-profile <a href="https://cryptonews.com/news/trial-of-art-themed-altcoin-fraudster-underway-in-south-korea.htm">case of a suspected crypto fraudster</a>. 
Per <a href="https://www.newsis.com/view/?id=NISX20240116_0002593401" target="_blank" rel="noopener">Newsis</a>, the trial of one unnamed prosecutor has already begun in the city of Gwangju. 
The case centers around a suspected crypto fraudster surnamed Tak. The prosecution service alleges that Tak hired a legal “broker” surnamed Seong. 
And Seong allegedly attempted to pervert the course of justice by paying off officials <a href="https://cryptonews.com/news/south-korean-ex-police-officer-denies-crypto-bribery-charges.htm">including at least one (now former) police officer surnamed Jang</a>. 
The trial of the accused prosecutor, referred to as “A” by the South Korean media, began this week. 
But six other officials could also face trial. In addition to A and Jang, the prosecution service indicted an unnamed group of public prosecutors and police officials on various bribery charges. 
A was described as a 53-year-old level-six prosecutor who allegedly “provided” Seong and Tak with “legal advice.” 
The court also heard that A “wrote and edited statements regarding the criminal case.” 
Prosecution officials claim that Tak testified as a witness, and told the court that “Broker Seong” called him “on December 4, 2020” to summon him to a “dinner meeting” with A. 
Tak later said that he met A “in the office of a church” with Seong, and explained: 
“A told me that I needed to revise my statement to help resolve the case. A sat in front of a computer and asked me about the case, just as if I were being investigated. and I just answered A’s questions. A then organized the questions and answers into an […] official-looking document.” 
 South Korean Crypto Exchanges Blocked $82m Worth of Romance Scam Transactions in 2023 
Learn more 
— Cryptonews.com (@cryptonews) <a href="https://twitter.com/cryptonews/status/1751903464228045009?ref_src=twsrc%5Etfw">January 29, 2024</a> 
<h2 id="south-korean-prosecution-officials-police-officers-embroiled-in-crypto-fraud-case">South Korean Prosecution Officials, Police Officers Embroiled in Crypto Fraud Case?</h2> 
 Tak also alleged that Seong had asked him to hand over “around [$15 million]” for use in bribing “investigators.” 
Furthermore, Tak claimed that Seong had also used his contacts to tip Tak off about a forthcoming police raid. 
The court heard that A was not assigned to Tak’s case. And A’s legal team denied the charges, claiming there was no proof A received any money from Tak or Seong. A told the court: 
“I received no money, goods, or anything else [from Seong or Tak].” 
Seong is being tried separately on charges of attempting to obstruct a police investigation. Prosecutors said Seong had received goods or money from Tak on “22 occasions.” 
Tak, aged 44, is accused of “defrauding” 13 “victims” out of around $2.1 million. Prosecutors also think Tak “stole $318,000” from investors who funded the alleged fraudster’s attempts to “buy a [crypto] trading firm.” 
Earlier this month, a <a href="https://cryptonews.com/news/south-korean-bogus-crypto-exchange-fraudster-jailed.htm">court in Changown sent an individual who gave a fake crypto exchange illegal bank documents to jail for four years</a>.

South Korean Prosecutors, Police Face Bribery Wrap in Crypto Fraud Trial

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