In information that simply left me reasonably confused, standard actress Hwang Jung Eum has admitted to embezzling ~$3 million of her companies cash … to spend money on cryptocurrency.
Hwang has been indicted with embezzling 4.34 billion received from the corporate that she wholly owns in 2022. Of the embezzled quantity, she invested 4.2 billion received in cryptocurrency.
Hwang’s facet admitted to all costs in the course of the case’s first listening to on the Jeju District Court docket.
“The defendant invested in (cryptocurrency) cash in a bid to develop her firm,” her lawyer mentioned. “As an organization can’t personal cash, she quickly did so below her personal identify, resulting in the crime.”
The lawyer mentioned the corporate’s losses have partially been coated by promoting the cryptocurrency, including the remaining can be repaid by promoting off actual property.
Oh, she misplaced cash on them? Bizarre, I’m shocked, personally.
And ah, bear in mind she solely did it to get round safeguards in opposition to dumbfuck executives blowing cash on playing on crypto shitcoins. Completely tremendous then.
Anyway, Hwang issued an apology by Y.ONE Leisure.
“I apologize for inflicting concern with such a shameful matter,” Hwang mentioned in a press release launched by her company Y.One Leisure.
“I established and ran an leisure company solely for my profession,” she mentioned. “I owned 100% of the corporate, and no different celebrities had been ever signed below it. All revenues had been generated from my very own actions.”
Hwang defined that in 2021, she was suggested by somebody near her to spend money on cryptocurrency utilizing firm funds.“
“I made the funding in hopes of rising the corporate, nevertheless it was a hasty and immature choice,” she mentioned. “Although the funds had been below the corporate’s identify, they had been earnings from my very own work, and I misjudged the scenario.”
The crypto funding resulted in losses, however she emphasised that “since I held all of the shares of the corporate and had no collectors apart from banks with secured loans, I imagine it’s lucky that no third events had been harmed,” she mentioned.
Hwang added that she is working to rectify the monetary relationship with the corporate.
“I’ve joined a brand new company and have utterly minimize ties with my former firm,” she mentioned. “I’ve repaid a big portion of the funds that had been withdrawn within the type of non permanent funds by liquidating private property, and I’m within the technique of repaying the remaining quantity.”
Yeah, the argument that company and private cash are equal is a bizarre strategy to go right here contemplating the foundations that require them to be handled individually exist for a purpose and are there to forestall a lot larger crimes, which is why she’s dealing with potential jail time over this (she’s well-known and a first-time offender, so don’t freak out).
Both means, between this and falsely accusing some random lady of being a homewrecker, it’s been a tough go of late and he or she’s solely shot herself within the foot together with her choice making.
