A South Korean company employee whole stole over $2.8 million worth of his firm’s money to buy crypto has been handed a five-year prison sentence.
Yonhap reported that the criminal branch of the District Court in the city of Daegu found the employee – who was not named for legal reasons – guilty of charges of embezzling funds from the company (also unnamed). The firm produces devices for the medical industry, and the convicted employee was identified as male and in his 30s. The man was described as a manager who worked in the firm’s accountancy department.
The court heard that the employee embezzled funds on 57 separate occasions, making for a total of just over $2.8 million. On one occasion, the man transferred $21,000 to his wife’s account to pay off a debt.
Staffer Stole $2.8m from Company’s Salary Fund to Buy Crypto
The man appears to have been in charge of managing employee payrolls and enjoyed “freedom” in making use of the company’s accounts. The court heard that the man had...
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