The major Korean P2P lender CEO has been accused of using funds for construction projects to purchase personal ciphers.
According to a local media outlet NBN Media report, unnecessary investors and private equity fund operators have been investing in P2P Financial Lender's construction projects since 2018.
The report revealed that he did not identify the CEO's name, or revealed the company he worked, but the investment project advertised on the company platform is for a low -rise housing construction project in Incheon, Korea. It was pointed out that it was. Unnamed investors agree to focus on the projects and many years of trust in the CEO that investors knew before the partnership and long -standing trust.
However, the CEO began to be suspected after seeking investors to transfer to the project 100 million won (about $ 69,430). Investors transferred to the company for “long -standing trust”, but immediately noticed that it was a mistake.
Investors immediately discovered that the funds they had sent to the CEO were not used for the construction of housing, and were used to support CEO's own personal cryptocation investment. Investors have argued that CEOs are putting funds from the so -called construction project for his own personal interests.
Investors have said that knowing that his funding is embezzlement, he felt a “big betrayal” and further damages the trust between companies.
“As a famous domestic P2P site, promises to customers are the top priority, but Mr. B. [the CEO] Investors said.
According to the report, neither the CEO nor the company provide a complete explanation to the investors, and after the reporters visited the office of the company in Gangnam, Seoul, he “kept silence on the problem.”
In addition, a Korean investor said that CEO returned his first investment, but he did not receive the promised profits. Therefore, he is taking legal measures and planning to immediately apply CEO and P2P lender.
“It is a serious act of betrayal for individuals to use funds received under the excuse of corporate investment,” said investors, “said investors,” The truth about this clear case of embezzlement and customer deceive CEPTION. I am making a plan to reveal.
In early January, South Korea's regulatory authorities announced that they are planning to alleviate corporate cryptocation investment restrictions. Based on a change in the rules, companies can register an account with an actual name on the encryption exchange.
