[종합] 12 years imprisonment for manipulating stock price of’lime investment company’…”damaging trust in the stock market”

[서울=뉴스핌] Reporter Hakjun Lee = Lime Asset Management (Lime) The main offender who took a non-capital M&A of a KOSDAQ-listed company in which funds were invested and took unfair gains through stock price manipulation was sentenced to 12 years in prison. The executives and executives of listed companies were sentenced from 1 to 7 years in prison for the same charges.

On the 3rd, the 12th Division of the Criminal Agreement of the Seoul Southern District Law (Director Sang-Yong Oh) sentenced Lee Mo, vice president of a KOSDAQ listed company, to 12 years in prison and a fine of 180 billion won on charges of violating the laws on the capital market and financial investment business.

Another aunt who was charged with the same charges was sentenced to 3 years in prison and a fine of 2 billion won, and Hanmo was sentenced to 4 years in prison and a fine of 2 billion won. Moon-mo was fined 100 million won for two years in prison, and her aunt was fined 100 million won in June of one year in prison.

Yeouido Stock Market [사진=이형석 기자 leehs@]

The court admitted guilty of some charges such as manipulating stock prices, saying, “The defendants attracted a large amount of investment and obtained enormous gains by selling all of the stocks after decorating the appearance as if they were doing a new business.”

He added, “It is very difficult to prove falsehood if the documents and contracts are plausible,” he said. “It is hard to believe if such a story is heard in various places, even if it is completely unfounded, but individual investors will be more so.”

In particular, he emphasized that “the offices of several listed companies were gathered in one place, divided into teams, and committed systematic and systematic crimes.” did.

They were charged with taking an unfair profit of 8.3 billion won by manipulating the stock price after a non-capital merger and acquisition of Smo Materials (Esmo), a KOSDAQ-listed company, where Lime Fund funds were invested from July 2017 to March of the following year. In the process, there is also a suspicion of omission of the disclosure of reports of large stock holdings.

Kang Mo, who was handed over to trial for manipulating stock prices after acquiring a number of listed companies with funds from Lime Fund, was sentenced to 7 years in prison and 90 billion won in fine, and 4 years in prison and 400 million won in fine for Hong Mo.

After acquiring a number of listed companies with funds from the Lime Fund, Kang and others supported the stock price by distributing false data as if the companies were promoting new businesses that require advanced technologies such as artificial intelligence, virtual reality, and autonomous vehicles. I was charged with the charges.

Hwang Mo, a lender who is accused of taking 10.3 billion won worth of unfair profits through Esmo market price manipulation, was convicted. The judge explained that “there is insufficient evidence to conspire to commit the crime of price control.”

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