Arrest of Blue Moon Fund CEO, a 'P2P Fraud' Suspect Who Escaped After Release on Suspension of Detention Enforcement
![[Image source=Yonhap News]](http://www.asiae.co.kr/news/img_view.htm?img=2022020914263237567_1644384391.jpg)
[Asia Economy Reporter Kim Hyung-min] The CEO of a peer-to-peer (P2P) company who was released on suspension of detention during a trial for investment fund embezzlement and then fled has been apprehended.
According to the legal community on the 30th, the Seoul Central District Prosecutors' Office arrested Kim Mo (44), CEO of Blue Moon Fund, at an undisclosed location in Gangwon Province. It has been three months since he fled. Kim was indicted and detained last November on charges of fraud involving approximately 10 billion won. A month later, he was granted suspension of detention by the court to attend his father's funeral but did not return to Seoul Detention Center afterward.
The Seoul Central District Prosecutors' Office formed a dedicated five-member arrest team, including specialized investigators from the Supreme Prosecutors' Office Cyber Investigation Division, to track Kim.
Hot Picks Today
As Samsung Falters, Chinese DRAM Surges: CXMT Returns to Profit in Just One Year
- "Most Americans Didn't Want This"... Americans Lose 60 Trillion Won to Soaring Fuel Costs
- Man in His 30s Dies After Assaulting Father and Falling from Yongin Apartment
- Samsung Union Member Sparks Controversy With Telegram Post: "Let's Push KOSPI Down to 5,000"
- "Why Make Things Like This?" Foreign Media Highlights Bizarre Phenomenon Spreading in Korea
Kim first came under prosecutorial investigation in May 2020 and fled overseas around August of the same year. He was arrested in Cambodia last October and repatriated to South Korea.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
