Crypto-Embezzling K-Drama Star Hwang Jung-eum Receives Suspended Jail Sentence
The Okay-Drama actress and former pop star Hwang Jung-eum has walked free after her conviction for embezzling firm funds to pay for private crypto investments.
The South Korean media outlet Financial News reported that the Jeju District Court discovered her responsible of the fees, and delivered a suspended sentence of two years in jail.
The presiding decide additionally ordered her to serve 4 years of probation. Hwang embezzled round 4.2 billion gained ($3 million) from Hunminjeongeum Entertainment in 2022.
Okay-Drama Star Hwang Jung-eum Apologizes for Wrongdoing
Hwang left the courtroom in tears after the sentencing. She advised reporters exterior the courtroom:
“I’m sorry for all the issues that I’ve brought about. I’ve by no means even been close to a police station earlier than. So I cried once I heard the courtroom ruling.”
Hunminjeongeum was Hwang’s personal one-person leisure company, an organization she owned in its entirety.
The courtroom heard that was discovered that Hwang Jung-eum invested many of the cash she embezzled in cryptoassets.
Prosecutors additionally defined that she additionally used cash from her company’s accounts to pay her bank card payments, and settle her property tax and native tax payments.
The prosecution had asked the court to jail Hwang for three years during an August hearing. Prosecutors didn’t say whether or not they would search to enchantment the district courtroom’s verdict.
Hwang’s authorized staff famous that she had admitted to all the fees and had repaid the funds in two installments, on May 30 and June 5 this yr.
Judge Explains Reason for Suspending Sentence
The presiding decide stated, in sentencing:
“The defendant’s guilt will not be mild due to the quantity of harm she incurred in making speculative investments.”
However, the courtroom defined its resolution to droop the sentence. The decide stated that it had taken the truth that it was Hwang’s first offense into consideration.
The presiding decide additionally concluded that the damages had been “solely restricted to the defendant,” and famous that she had “repaid the whole amount of cash she had embezzled.”
Hwang, a former member of the South Korean pop group Sugar, made her small-screen breakthrough within the late 2000s when she appeared within the MBC sitcom High Kick Through The Roof.
She has additionally appeared in latest Okay-Dramas, together with Kill Me, Heal Me (2015) and The Escape of the Seven (2023–2024).
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