According to Golden Finance, according to Cryptopolitan, South Korea's Busan District Court sentenced three cryptocurrency investment scammers to jail on the grounds of violating the "Aggravated Punishment Act for Specific Economic Crimes". The main culprit was sentenced to four and a half years in prison, and the two accomplices were sentenced to three and a half years and two and a half years in prison respectively. The three people conducted illegal cryptocurrency investment activities in a building in Busan in June 2019, claiming to have an algorithm that can trade from about 1,000 high-quality cryptocurrencies around the world, and promised investors to receive a 30% return on investment each month. In fact, they do not have any trading algorithms, and the funds raised are about 610 million won (about 416,000 US dollars) for personal consumption.