Former Assemblyman Kim Nam-guk, '100 Billion Won Cryptocurrency Concealment Allegation' Sentenced to 6 Months
Uk Jin
Summary
- Prosecutors have sentenced former Assemblyman Kim Nam-guk to six months in prison for allegedly concealing cryptocurrency worth 100 billion won.
- Former Assemblyman Kim is accused of hiding cryptocurrency investment profits during the National Assembly property reports in 2021 and 2022.
- He is accused of manipulating the total amount of assets with bank deposits and cryptocurrency to obstruct the National Assembly review.

According to the industry on the 18th, prosecutors have sentenced former Democratic Party of Korea assemblyman Kim Nam-guk to six months in prison for allegedly concealing cryptocurrency worth 100 billion won.
Previously, former Assemblyman Kim was accused of transferring part of his deposit to a bank account to match the total amount of assets during the National Assembly property reports in 2021 and 2022, in order to hide cryptocurrency investment profits, and converting the remaining deposit into cryptocurrency to obstruct the review of property change details by the National Assembly Public Officials Ethics Committee.

Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
![[Key Economic and Crypto Events for the Week Ahead] U.S. January CPI, etc.](https://media.bloomingbit.io/static/news/brief_en.webp?w=250)


