Actress Hwang Jung-eum on trial for embezzling $31 million for crypto investment

Actor Hwang Jung-eum is standing trial for embezzling funds from her family-owned entertainment agency to invest in cryptocurrency. The Jeju District Court held the first hearing on Thursday for Hwang, who was indicted without detention on charges of embezzlement. According to prosecutors, Hwang is accused of embezzling around 4.3 billion won ($3.1 million) from a family-run company in which she holds a 100 percent stake. Of that, about 4.2 billion won was allegedly used to purchase virtual assets. Her legal counsel admitted to all charges, explaining, “The defendant made the investment with the intention of growing the company. Since corporations cannot directly hold cryptocurrency, she temporarily used her personal name to carry out the investment, which led to the offense.” Hwang's apology In a statement released through her agency Y.ONE Entertainment on Thursday, she said, “First, I sincerely apologize for causing concern over such a shameful matter. I established and operated an agency to manage my acting career, and I am the sole shareholder. No other artists have ever been siWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times