South Korean Blogger Acquitted
Breaking Legal News
A South Korean court on Monday acquitted a blogger accused of causingthe country huge financial losses by spreading misleading informationon the economy.
Prosecutors had sought an 18-month prison term for Park Dae-Sung, 30 --better known by his Internet alias "Minerva" -- while some mediafreedom groups criticised the decision to charge him.
Parkwas arrested in early January and charged with spreading online rumoursthat the government in late December ordered local banks not to buydollars as part of efforts to stabilise the won.
Prosecutorsclaimed the December posting led to dollar hoarding, forcing thegovernment hurriedly to inject two billion dollars to stabilise thecurrency market.
"Considering all the circumstances, it is hardto conclude that Park was aware the information was misleading when hewrote the postings," said Judge Yoo Young-Hyun of Seoul CentralDistrict Court.
The judge said that even if Park had realised theinformation was false, it cannot be concluded he intended to damage thepublic interest, considering the circumstances at the time or thespecial characteristics of the foreign exchange market.
Parkwrote more than 200 economic commentaries in recent months and gained amajor following after correctly predicting the collapse of USinvestment bank Lehman Brothers last September.
Related listings
-
Davis Polk Recruit Ex-SEC Aide
Breaking Legal News 04/17/2009Law firm Davis Polk & Wardwell recruited the Securities andExchange Commission's former enforcement chief and another formerhigh-level government lawyer to join its white-collar defense group,part of an effort to expand its Washington practice. L...
-
18-month sentence for South Korean blogger
Breaking Legal News 04/16/2009Prosecutors demanded an 18-month sentenceMonday for a popular South Korean blogger who is accused of spreadingfalse financial information in a case that has ignited a debate aboutfreedom of speech in cyberspace. The 30-year-old blogger, a fierce crit...
-
El Segundo Ponzi Scheme Targets Latinos
Breaking Legal News 04/15/2009An El Segundo woman took $23 million in a Ponzi scheme that targeted Latinos, the SEC says in Los Angles Federal Court. Clelia A. Flores and her business, Maximum Return Investments, took the money from more than 150 people in seven states, by "guara...
Our Eugene Oregon Bankruptcy Practice
Since 2005, Erin Uhlemann has helped individuals and families facing financial difficulties file for bankruptcy relief. Erin's compassion and understanding of the law have helped hundreds of Oregonians achieve a financial fresh start. She started Willamette Valley Bankruptcy to focus on helping clients with bankruptcy and debt issues in the Lane County Area. Erin understands that choosing a bankruptcy attorney who makes you feel comfortable and confident can be as difficult as deciding whether to file a bankruptcy case. Because she knows that filing bankruptcy is not something that you planned to do or look forward to doing, Erin strives to make the process as easy as possible.
Because most people facing bankruptcy do not have extra money to pay fees, Willamette Valley Bankruptcy offers low upfront fees and will work with you to set up affordable payment plans to pay attorney fees and court filing fees. Consultations are always free so that you can get the answers you need before making any sort of financial commitment. If you have questions about attorney fees and payment plans, you can call or email today to get these questions answered.