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You Won’t Believe What Happened to the Haru Invest CEO in the $650M Saga!

BBG News

Well now, if you’ve been sittin’ around frettin’ that Mr. Lee Hyung-soo—the big boss over at Haru Invest—was gonna wind up in stripes and shackles over that $650 million kerfuffle, you can drop your hat and quit your worrying. On June 17, a South Korean court dusted its hands clean and said ol’ Lee wasn’t guilty of a single scrap of fraud. It only took ‘em, oh, two years to make up their minds after Haru Invest slammed the vault and told folks, “No more withdrawals!” (You just know folks love to hear that kind of news about their money.)

The esteemed 15th Criminal Division down at the Seoul Southern District Court finally gave their blessing, finding Mr. Lee not guilty under that grand-sounding Act on Aggravated Punishment. Sounds like something you’d get in a Dickens novel, but no—this was real life, with less mud and more legalese.

Now, when the time came for Lee’s lawyer to strut, he wagged his finger and hollered, “Blame FTX!” He said it was all them outsiders and their tumbling crypto empires—why, even the Titanic might’ve stood a better chance if it’d just blamed a rival company.

The court gave a slow nod—like an old mule considering whether to move—and said, sure, there was some good ol’ management bumbling, but not enough to call it trickery punishable by criminal law. Maybe Lee and crew spent more time counting sheep than coins, but that ain’t the same as running a rigged game at the county fair.

For those keeping score at home: the co-CEOs Park and Song walked out as free as birds. COO Kang Mo, meanwhile, slipped on a legal banana peel—he dodged fraud but got nailed for embezzlement. He’ll be trading briefcases for community service hours, and his nights are up for grabs on probation.

Closing remarks from the learned members of the court: they couldn’t figure out if the business was broke as an old horse, or if paying people back was really impossible. Maybe they just needed a bigger abacus.

So, that’s the show: some heads rolled, but not the ones most folks expected. Tune in next court season for more episodes of “Who’s Got Your Money?” 🤑⚖️

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2025-06-17 10:13

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