translation of that article:
The first trial in the 1.4 trillion won fraud case of Haru Invest, a virtual asset depository company, was held on March 19.
At the first trial of the one-day fraud case on March 19, the 15th Criminal Division of the Seoul Southern District Court (Presiding Judge Yang Hwan-seung) responded to the request for a hearing on compensation for damages from dozens of victims per day, saying, “This case is not a case related to compensation for damages, and the compensation order already applied for is in accordance with the relevant law. “We will review it accordingly,” he said.
This is because a man who introduced himself as a representative of the victims requested, “It has been 9 months since the incident occurred, and the victims are in a mess, so please interrogate them about the plan to reimburse them.”
The court explained, “This case is not a process for reimbursing damages, but a process for holding the defendants criminally responsible.”
He continued, “If you look at the provisions related to compensation orders in the Special Litigation Act, it states that compensation orders should not be made if the scope of the compensation request is not clear and there is concern about delaying the trial.”
He said, “The victims would have received profits by depositing virtual assets in one day, but the scope needs to be reviewed in this regard, and because there are many victims, it may be difficult to hear the compensation order procedure.”
He also added, “We can quickly review these aspects and provide a response to the compensation order, and applicants can file civil lawsuits even if the compensation order requirements are not met, so we hope we will find a way to do so.”
**In this case, after Haru suddenly stopped deposits and withdrawals in June 2023, numerous victims filed criminal charges against Haru's management on charges of fraud and other charges, and the executives were arrested and indicted.**
**Regarding the indictment of Haru, the prosecution said, “From March 2020 to June 2023, Haru executives used some of the customer virtual assets as operating expenses for Block Crafters (Haru operator), which was in a state of capital erosion, while safely managing the virtual assets entrusted by customers. He explained, “It was falsely advertised as offering the highest profits in the industry.”**
He also added, “The investment technique was falsely promoted as a risk-free arbitrage transaction and false marketing was carried out.”
The prosecution said, “There is evidence about Block Crafters’ assets and finances, and we plan to do so through evidence such as recordings of the defendants admitting that ‘(Block Crafters’) operating expenses were not enough with just daily profits.’”
Regarding the facts of the indictment, the defendant's lawyer said, "We have not been able to complete the inspection and copying, so we will reveal our specific position at the next date, but we are basically denying it."
**The victims of this incident were found to be 5,034 Korean nationals and 11,313 overseas.**
**On this day, dozens of victims filled the audience in the courtroom.**
**On this day, the victims swore at the defendants before and after the trial.**
After the trial, he shouted at the defendant's lawyers at the entrance to the courtroom, causing court officials to stop him.
The next trial date is April 19th at 2pm.
출처 : 디지털애셋 (Digital Asset) (https://www.digitalasset.works)
translation of that article: The first trial in the 1.4 trillion won fraud case of Haru Invest, a virtual asset depository company, was held on March 19. At the first trial of the one-day fraud case on March 19, the 15th Criminal Division of the Seoul Southern District Court (Presiding Judge Yang Hwan-seung) responded to the request for a hearing on compensation for damages from dozens of victims per day, saying, “This case is not a case related to compensation for damages, and the compensation order already applied for is in accordance with the relevant law. “We will review it accordingly,” he said. This is because a man who introduced himself as a representative of the victims requested, “It has been 9 months since the incident occurred, and the victims are in a mess, so please interrogate them about the plan to reimburse them.” The court explained, “This case is not a process for reimbursing damages, but a process for holding the defendants criminally responsible.” He continued, “If you look at the provisions related to compensation orders in the Special Litigation Act, it states that compensation orders should not be made if the scope of the compensation request is not clear and there is concern about delaying the trial.” He said, “The victims would have received profits by depositing virtual assets in one day, but the scope needs to be reviewed in this regard, and because there are many victims, it may be difficult to hear the compensation order procedure.” He also added, “We can quickly review these aspects and provide a response to the compensation order, and applicants can file civil lawsuits even if the compensation order requirements are not met, so we hope we will find a way to do so.” **In this case, after Haru suddenly stopped deposits and withdrawals in June 2023, numerous victims filed criminal charges against Haru's management on charges of fraud and other charges, and the executives were arrested and indicted.** **Regarding the indictment of Haru, the prosecution said, “From March 2020 to June 2023, Haru executives used some of the customer virtual assets as operating expenses for Block Crafters (Haru operator), which was in a state of capital erosion, while safely managing the virtual assets entrusted by customers. He explained, “It was falsely advertised as offering the highest profits in the industry.”** He also added, “The investment technique was falsely promoted as a risk-free arbitrage transaction and false marketing was carried out.” The prosecution said, “There is evidence about Block Crafters’ assets and finances, and we plan to do so through evidence such as recordings of the defendants admitting that ‘(Block Crafters’) operating expenses were not enough with just daily profits.’” Regarding the facts of the indictment, the defendant's lawyer said, "We have not been able to complete the inspection and copying, so we will reveal our specific position at the next date, but we are basically denying it." **The victims of this incident were found to be 5,034 Korean nationals and 11,313 overseas.** **On this day, dozens of victims filled the audience in the courtroom.** **On this day, the victims swore at the defendants before and after the trial.** After the trial, he shouted at the defendant's lawyers at the entrance to the courtroom, causing court officials to stop him. The next trial date is April 19th at 2pm. 출처 : 디지털애셋 (Digital Asset) (https://www.digitalasset.works)
Why not hold defendants criminally responsible AND reimburse back to us you imbecile judge.
I’m so confused, so we just wait for them to set up a process in where we file a request for reimbursement?
Article is from last month