Bail Grant Decision for Economic Crimes Related to Cryptocurrency Solicitation

In a case where a client was arrested for illegal recruitment of virtual assets, Cha & Kwon Law Offices was able to obtain bail through a reasonable response.

In recent years, there has been a trend of harsher sentences for so-called “Ponzi schemes” such as pyramid schemes as well as virtual assets, and therefore, it is necessary to provide an appropriate and thorough legal response in criminal proceedings.

In this case, we handled a single case involving fraud at the recruitment stage of a virtual asset recruitment program. The defendant, who was detained in the first instance, applied for and received bail from the Court of Appeals through the settlement and restitution process and a sufficient presentation of legal and factual issues.

The bail process requires a lot of preparation for the defendant and his family, as the court has a great deal of discretion, and they have to spend a lot of time waiting and worrying. During this process, Cha & Kwon Law Offices’ litigation team provided reasonable solutions and advice, including timely proceedings, to resolve difficulties in the bail process and actively assisted in the citation decision and post-bail procedures.

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