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Delio CEO Sentenced to 15 Years in Prison on Crypto Fraud in South Korea
According to a South Korean court, CEO Jeong Sang-ho used a fake virtual asset trading license for the Delio exchange, which he used to promote the business to users.
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decrypt.co
CEO of Crypto Lender Delio Gets 15 Years Over $49M Fraud - Decrypt
A botched search of the platform's server host cost prosecutors the bulk of their case, cutting it from 2,800 alleged victims to about 1,100.
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theblock.co
South Korea sentences Delio CEO to 15 years in prison for $50 million crypto fraud: report
The sentence is shorter than the 20-year term that prosecutors sought, as the judge acquitted Jeong of a primary charge.
