Odaily Planet Daily News: A South Korean court declared Haru Invest CEO Lee Hyung-soo not guilty on Tuesday, dismissing fraud charges against him. Lee Hyung-soo previously faced fraud charges because Haru Invest suddenly closed the user withdrawal channel and closed the company's office in June 2023. The company allegedly attracted thousands of investors by promising "full return of principal" and high returns of up to 25% annualized. South Korean prosecutors initially accused the company of illegally obtaining 1.39 trillion won (about 1.02 billion US dollars) from about 16,000 investors, but then lowered the amount to 880.5 billion won (about 650 million US dollars) in the formal prosecution, involving about 6,000 investors. Prosecutors had asked the court to sentence Lee Hyung-soo to 23 years in prison. (The Block)