Ex-Lawmaker Thae Yong-ho’s Son Ordered to Pay $627,000 in Crypto Fraud Damages
- A court said the eldest son of former lawmaker Thae Yong-ho fraudulently took cash and crypto assets worth about 1.1 billion won ($796,000) by pitching a stablecoin exchange business and promising guaranteed interest returns.
- The court said the defendant used his status as the son of a lawmaker who defected from North Korea and his police protection ties in the deception, and ruled that he is liable to pay the victim about 867 million won ($627,000) plus delay interest.
- Thae is standing criminal trial on charges including fraud under the Act on the Aggravated Punishment of Specific Economic Crimes after allegedly taking about 1.4 billion won ($1.01 million) from seven acquaintances, including A, under the pretext of proxy crypto…
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