A 35-year-old full-time investor was arrested and indicted for allegedly manipulating shares of KOSDAQ-listed Company C through 15,908 orders over three years and five months, generating approximately 6.2 billion won in illicit profits. Prosecutors said A recruited 26 people through high-end wine and gourmet gatherings, obtained 47 securities accounts and six CFD accounts, and borrowed about 12 billion won from coin traders and private lenders. With 74.5 billion won raised and additional credit and stock-backed financing, A bought shares worth about 340 billion won, increasing the group’s stake from 8% to more than 40% of the company’s circulating stock. The share price rose from 11,800 won to 45,800 won during the manipulation period, later falling to 22,050 won within four days after forced liquidations and standing at 6,790 won as of the 16th. Co-conspirator B, 36, was summarily indicted for aiding the scheme. Prosecutors also said A received 1.6 billion won in management compensation, spent proceeds on a luxury lifestyle and attempted to destroy evidence.