## Construction CEO Faces Embezzlement Charges for Crypto Investments A construction company CEO in Cheongju, identified as CEO A, has been indicted on charges of embezzling billions of won to fund cryptocurrency investments. Yonhap News reports that CEO A allegedly misappropriated 25.9 billion KRW from company funds between June 2012 and January of this year. The funds, intended for business investments, were reportedly diverted to cryptocurrency ventures and to settle the CEO's personal debts. This indictment follows suspicions of collusion between CEO A and local government officials, including members of the police force. The investigation is ongoing, and further details are expected to emerge regarding the extent of the embezzlement and the specific cryptocurrencies involved. The case highlights the potential for misuse of corporate funds in the pursuit of personal gain through speculative investments. ```
