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Made a little research about financial crime in South Korea and there are bad news for Do Kwon: 10 Years in prison, that is what he might get.

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by COINS NEWS 123 Views

"Do Kwon: I'm not on the run...." You better be because

Article 347 of the Criminal Act punishes a person who defrauds another, thereby taking property or obtaining financial advantage from another. A person who violates Article 347 or 347(2) of the Criminal Act is punished by imprisonment with labour for up to 10 years, or a fine of up to KRW 20 million ($14000). So he could pay 14 grand and get over with ? Not really -> Under the Act on Aggravated Punishment and so on of Specific Economic Crimes, the person is subject to an aggravated punishment of:

- Imprisonment with labour for at least three years, if the amount of profit obtained is at least KRW500 million but less than KRW 5 billion ($3.500.000)

-Imprisonment with labour for an indefinite term or at least five years, if the amount of profit is KRW 5 billion or more ($3.500.000)

Right to bail.

An accused person can request release on bail, irrespective of the type of crime. Release on bail is not permitted before a suspect is formally accused. The court should allow release on bail unless any of the following applies:

- The defendant is accused of an offence punishable with the death penalty, or imprisonment for an indefinite term or for a maximum term of more than ten years.

- The defendant is a repeat offender or commits habitual crimes.

- There are reasonable grounds to suspect that the defendant has destroyed or may destroy evidence.

- There are reasonable grounds to suspect that the defendant has fled or is likely to flee.

- The defendant's place of dwelling is uncertain.

submitted by /u/WTFsince89
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