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https://m.mt.co.kr/renew/view.html?no=2024083012062814873
An internet broadcaster who was the central figure of 'AfreecaTV Coingate' was sent to trial on fraud charges and sentenced to a heavy sentence.
On the afternoon of the 30th, the 11th Criminal Agreement Division of the Seoul Eastern District Court (Presiding Judge Kang Min-ho) sentenced Mr. Seo, who was indicted and detained on charges of violating the Act on the Aggravated Punishment, etc. of Specific Economic Crimes (fraud), to 15 years in prison.
Mr. Seo was sent to trial on charges of recommending victims to invest in virtual assets (coins) or businesses issued by the company he operated and embezzling the investment money. There was also an embezzlement charge of purchasing star balloons from AfreecaTV (now SOOP) with money from the corporate account.
It is reported that Seo denied some of the charges during the trial. However, the court determined that Seo used most of the investment money he received from the victims to pay off personal debts or for other purposes, and that he had no ability or intention to issue coins or conduct business and pay out profits from the beginning.
The court stated, “Nine cases were merged and tried against the defendant. He admits some of them and does not admit others, but considering the evidence submitted by the prosecutor, he can be found guilty of all of the crimes.”
He continued, "The defendant defrauded over 11 billion won in investments from 120 victims," and "Considering the content, method, number of crimes, and period of the fraud, his guilt is very high. We also took into account the fact that the victims are petitioning for severe punishment against the defendant."
Seo is also the central figure of 'AfreecaTV Coingate', which became a hot topic in the personal broadcasting industry in 2021. BJs who are known to have invested in unlisted coins through Seo made a public apology to viewers and then suspended their activities for a period of time. Some BJs were met with harsh criticism for promoting coins issued by Seo's company on their personal broadcasts
note: the fraud amounts up to around 8.8 million usd.
thoughts: Crosses my mind that maybe Flash is a victim of Mr.Seo too. It is possible he has not yet returned because he was a witness in this case and could not discloae or talk about it in any way anymore.
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flashs mom is the biggest victim here
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Vatican City State37 Posts
On September 01 2024 06:38 RJBTVYOUTUBE wrote:
thoughts: Crosses my mind that maybe Flash is a victim of Mr.Seo too. It is possible he has not yet returned because he was a witness in this case and could not discloae or talk about it in any way anymore.
My first thought was that he might be under investigation, and that's why he refrains from streaming: because *his fans* would likely demand an apology (emphasis on *his fans*, the ones who fund or would fund him if he streams, regardless of what I or anyone else on tl.net thinks). However, apologizing could be *interpreted* (again: emphasis on *interpreted*) as an admission of (at least partial) guilt.
In any case, I think it is safer to speculate he might be legally involved in some way, either as a witness or prosecuted/investigated, and he won't stream until he is legally cleared.
Note: Passive-aggressive clarifications added because too many people have been vehemently blaming and defending him on this forum and don't want to get dragged into this drama.
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Netherlands4579 Posts
On September 01 2024 07:54 TT1 wrote: flashs mom is the biggest victim here #saveflashsmom
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15 years.. that's a lot !
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Netherlands4579 Posts
15 years is nothing. You still remember 2009 BW, right? The year you joined TL?
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why are people saying save flashes mom? did i miss something? was she involved somehow?
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On September 01 2024 17:53 CicadaSC wrote: why are people saying save flashes mom? did i miss something? was she involved somehow? Flash involved her in all this somehow afair. But I don't know the details.
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On September 01 2024 16:59 Peeano wrote:15 years is nothing. You still remember 2009 BW, right? The year you joined TL? Haaa! Good one Peeano !! yeah.. i do... time flies....
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On September 01 2024 09:40 cheesehuehue wrote:Show nested quote +On September 01 2024 06:38 RJBTVYOUTUBE wrote:
thoughts: Crosses my mind that maybe Flash is a victim of Mr.Seo too. It is possible he has not yet returned because he was a witness in this case and could not discloae or talk about it in any way anymore. My first thought was that he might be under investigation, and that's why he refrains from streaming: because *his fans* would likely demand an apology (emphasis on *his fans*, the ones who fund or would fund him if he streams, regardless of what I or anyone else on tl.net thinks). However, apologizing could be *interpreted* (again: emphasis on *interpreted*) as an admission of (at least partial) guilt. In any case, I think it is safer to speculate he might be legally involved in some way, either as a witness or prosecuted/investigated, and he won't stream until he is legally cleared. Note: Passive-aggressive clarifications added because too many people have been vehemently blaming and defending him on this forum and don't want to get dragged into this drama.
I am saying it because he preinvested 200k or something into the coin. the article mentions there were never any intentions to actually launch any cryptocoins. which gives me the impressio mr.seo was planning on getting more pre investments from more streamers and maybe from select wealthy viewers and then bailing.
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