News list for "embezzlement"
According to the Beijing News, a typical case recently released by the Haidian Court shows that a user manager of a network technology company took advantage of his position to accept bribes and embezzle virtual currency cash in the virtual currency reward business. The total amount involved was 9.74 million yuan. The user manager was sentenced to 12 years in prison by the court for the crime of acceptance of bribes by a non-state functionary and embezzlement. The case shows that between 2014 an...
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On July 8, an employee of Woori Bank was arrested and charged for embezzling 18 billion won (about $13 million), which cost about 15 billion won (about $10.84 million) to buy virtual assets. From July last year to May last year, the employee forged loan documents in the names of 17 customers including individuals and enterprises 35 times, applied for false loans, and then transferred the loan amount to the real-world friends account, totaling about 17.77 billion won. Prosecutors confiscated 180 ...
