Delio fraud case Seoul court – Seoul Court Raises Authenticity Concerns Over Delio’s Customer Terms in Ongoing Fraud Case
The post Delio fraud case Seoul court – Seoul Court Raises Authenticity Concerns Over Delio’s Customer Terms in Ongoing Fraud Case appeared on BitcoinEthereumNews.com.
Delio fraud case Seoul court proceedings have taken a dramatic turn as the Seoul Southern District Court expressed doubts about the authenticity of the customer terms and conditions submitted by the South Korean crypto lender, Delio. The case, which involves allegations of fraud, has been marked by increasing tension, especially after a violent incident involving the CEO of Haru Invest, a company connected to the case. Court Questions Authenticity of Submitted Terms During the latest hearing, the court scrutinized the terms and conditions presented by Delio, which stated that the principal investment was not guaranteed. These documents are central to Delio’s defense, as they claim that the terms were always a part of their customer agreements, implying that customers were fully aware of the risks involved. However, the court raised concerns about the possibility of tampering with these documents, a suspicion that could severely undermine Delio’s defense. Many victims in the case have contested Delio’s claims, asserting that they had never encountered such terms when initially agreeing to invest. This discrepancy has led the court to question whether the documents were altered or falsified to protect Delio from liability. Background of the Delio Fraud Case The fraud case against Delio has captured significant attention in South Korea’s cryptocurrency community. Delio, a prominent crypto lender, is accused of misleading investors by failing to disclose the true risks associated with their investments. The controversy intensified after Haru Invest, a company entrusted with managing Delio’s virtual assets, abruptly suspended cryptocurrency withdrawals last year without prior notice, leaving many investors unable to access their funds. This abrupt suspension has been at the heart of the legal dispute, with many victims accusing Delio of fraud and mismanagement. The court’s current focus on the authenticity of the customer terms adds another layer of complexity to the…
Filed under: News - @ September 2, 2024 12:22 pm