Former chief of Tongyang Group declared bankrupt – Yonhap News
SEOUL, Sept. 19 (Yonhap) — The former chief of Tonyang Group, who was convicted of selling fraudulent investment products (CPs), was declared bankrupt by a local court on Monday. The Seoul Central District Court said it ruled in favor of the plaintiffs who filed a petition in December 2015, after being deceived into buying fraudulent…