In a case where a client was sentenced to imprisonment for illegal recruitment of virtual assets, Cha & Kwon Law Offices obtained a stay of execution through a reasonable response.

Recently, there has been a trend of harsher sentences for so-called “Ponzi schemes,” including not only virtual assets but also multi-level finance, and it is therefore necessary to provide an appropriate and thorough legal response in criminal proceedings.

In this case, we handled a single case involving fraud at the recruitment stage of a virtual asset recruitment program. The defendant was sentenced to imprisonment in the first trial for incidents that occurred during the recruitment process for two investment products (virtual asset recruitment and financial pyramid scheme) and was detained in court until the appeal. Through the settlement and restitution process and sufficient presentation of legal and factual issues, the defendant was able to obtain bail and return home, and subsequently obtained probation in the appellate judgment, enabling him to continue earning a living without losing his job.

As the sentences for economic crimes, especially those involving virtual assets or Ponzi schemes, continue to increase, it can be unsettling for the victims and their families, and it can also cause them to lose the trust of their coworkers. In such a situation, it is necessary to prepare and guide the client on how to maximize the trust of those around him or her, and after the decision of guilt or innocence, to take reasonable steps to secure the best possible outcome at the best possible price. At Cha & Kwon Law Offices, our litigation team actively helps clients achieve the best possible outcome through reasonable solutions and advice, including timely proceedings.