Haru Invest CEO Lee Hyung-soo's fraud charges dismissed by South Korean court

A South Korean court on Tuesday acquitted Haru Invest CEO Lee Hyung-so and dismissed fraud charges against him, according to Gate News bot. South Korean prosecutors initially said the company illegally obtained 1.39 trillion won ($1.02 billion) from about 16,000 investors. In the formal indictment, the amount involved was adjusted to 880.5 billion won (about 650 million U.S. dollars), and the number of investors involved was 6,000. Prosecutors had asked the court to sentence Lee Hyung-so to 23 years in prison. Source: TheBlock.

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