Haru Invest CEO Stabbed by Angry Investor in Court

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by Giorgi Kostiuk

2 years ago

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  1. Courtroom Attack
  2. Background of the Case
  3. Reactions and Consequences


    4. In a shocking incident at the Seoul Southern District Court, Haru Invest CEO Hyungsoo Lee was violently attacked by an enraged investor during a trial. This case highlights the growing tensions around the $826 million crypto fraud case.

    Courtroom Attack

    According to a local news report, the attack occurred when Lee was seated at the defendant’s bench. The attacker, identified as Kang, stabbed Lee multiple times in the neck with a 20-centimeter knife. Kang was one of the 16,000 investors who lost money in the alleged scam. Security personnel quickly acted to subdue Kang, preventing further violence. Lee was rushed to Korea University Guro Hospital for emergency treatment.

    Background of the Case

    Haru Invest is accused of defrauding investors out of 1.1 trillion won (approximately $826 million) between March 2020 and June 2023. The company’s executives, including Lee, reportedly misappropriated these funds while promoting what they claimed were 'risk-free, diversified investment strategies.' Lee was arrested in February 2024 along with two other top executives. After being released on bail in July 2023, Lee was indicted on charges of fraud under the Aggravated Punishment Act for Specific Economic Crimes.

    Reactions and Consequences

    This incident highlights the desperation and anger felt by many victims of the Haru Invest scandal. The trial, which began shortly after Lee's release on bail, has been closely watched amid a rising tide of crypto-related fraud cases in South Korea.

    The attack on Hyungsoo Lee underscores the seriousness of crypto fraud issues and their impact on both individuals and the broader industry.

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