Police clear lawmaker's husband of misconduct in $2.1B coin fraud representation

Police have closed an investigation into Lee Jong-geun, a lawyer and the husband of Rebuilding Korea Party lawmaker Park Eun-jeong, finding no grounds for charges of violating the Attorney-at-Law Act, News1 reported. According to police sources on March 10, the Seoul Suseo Police Station concluded its preliminary investigation into the matter on Feb. 21. The case was initially referred to South Korean prosecutors for investigation in November 2024 by the Korean Bar Association's Ethics Council. The council had raised concerns over how Lee came to represent an individual involved in the V Global coin fraud case after his retirement in 2021 as head of the Supreme Prosecutors' Office's criminal division. The V Global case involved defrauding approximately 50,000 investors of 2.8 trillion won ($2.03 billion) by promising 300% returns on its V-Cash coin.