High-Profile Arrests in Financial Scandals Unfold

The wife of South Korea's jailed former president, Yoon Suk Yeol, has been arrested over charges including stock manipulation and bribery. Former first lady Kim Keon Hee denied all charges during a court hearing but was detained due to the risk of evidence destruction. Kim is accused of making over 800 million won through a price-rigging scheme and accepting bribes from the Unification Church. This is the first time both a former president and first lady have been jailed in South Korea. Yoon had previously vetoed bills seeking a special counsel investigation into allegations against Kim.

Do Kwon, the former CEO of Terraform Labs, has pleaded guilty to two counts of fraud in a New York court for his role in the collapse of the TerraUSD and Luna cryptocurrencies, which cost investors over $40 billion. As part of a plea deal, prosecutors will not seek a sentence longer than 12 years. Kwon is due to be sentenced on December 11 and faces additional charges in South Korea.

The article discusses the arrest of Kim Keon-hee, South Korea's former first lady, who was detained pending trial due to allegations of deception, obstruction, and wrongdoing related to a diamond-studded necklace she wore to a NATO summit in 2022. The necklace became a symbol of her downfall as investigators claim she lied about its origin and staged a cover-up. Kim faces prison life and multiple criminal charges.