[Breaking] Ado International CEO Sentenced to 15 Years for 440 Billion Won Fraudulent Investment Scheme
![[Breaking] Ado International CEO Sentenced to 15 Years for 440 Billion Won Fraudulent Investment Scheme](http://www.asiae.co.kr/news/img_view.htm?img=2024032815261921258_1711607179.jpg)
The CEO of Ado International, a multi-level marketing company that illegally raised over 440 billion won through quasi-deposit schemes, was sentenced to a heavy prison term in the first trial.
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On the 9th, Judge Kim Ji-young of the Seoul Central District Court Criminal Division 25 sentenced Lee, the CEO of Ado International, who was indicted in custody on charges including fraud and violation of the Act on the Regulation of Conducting Fund-Raising Business without Permission, to 15 years in prison.
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