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Kara member Park Gyuri involved in Pica Coin fraud case, questioned about receiving cash compensation.
[Coin World] On July 24, news broke that Kara member Park Gyu-ri is facing more allegations related to Crypto Assets. Park Gyu-ri has been accused of being involved in the Pica Coin Crypto Assets scam case associated with former boyfriend of Park Geun-hye, Song Ji-ho. Pica Coin is a low market capitalization Token themed around art.
Park Gyu-ri stated in court that she did not participate in any illegal encryption or manipulate Token prices. She claimed that during her time as "Chief Communications Officer and Advisor" at Pica, she was only involved in the planning and promotion of art exhibitions as an employee and was not aware of matters related to Crypto Assets.
Nevertheless, Pica Coin CEO Seong Hae-joong stated that Park Gyu-ri's statement is false and that she had received cash compensation from Song. Currently, Song has been arrested for fraud and breach of trust, with prosecutors accusing him of soliciting investments in non-existent artworks and manipulating the price of Pica Coin for personal gain.