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Hwang Jung-eum Gets Two-Year Sentence Suspended in $3 Million Crypto Embezzlement Case

Judges granted a suspended term citing full restitution plus a clean record.

Overview

  • The Jeju District Court imposed a two-year term suspended for four years, meaning she will not be jailed unless she reoffends within the probation period.
  • She diverted about 4.34 billion won from her one-person agency in early 2022 through 13 transfers.
  • Roughly 4.2 billion won was invested in cryptocurrency, with the rest used to pay property and local taxes via credit card.
  • Prosecutors sought a three-year prison sentence under the Act on the Aggravated Punishment of Specific Economic Crimes, but the court opted for leniency.
  • Hwang sold personal assets and completed full repayment by early June, yet broadcasters edited her out of shows and advertisers ended campaigns.