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Wednesday, September 9, 2026

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Fraud · Wednesday, September 9, 2026

Virginia jury convicts Jihoon Park of investor and bankruptcy fraud

The File desk · Sep. 9, 2026, 10:20 a.m. ET

Confirmed1 primary sources

Status

Confirmed from a Justice Department Office of Public Affairs release dated Sept. 8, 2026 (press release 26-1029). A federal jury in Alexandria convicted Park that day. Restitution and the final sentence are not yet set.
Jihoon Park told people in his community he would grow their savings. A federal jury in Alexandria, Virginia, found him guilty on Sept. 8. Prosecutors said he took more than $2.5 million from victims, spent it on a house and cryptocurrency for himself, then hid assets and claimed he had only $0.34 when he filed for bankruptcy. He was convicted of three counts of and two counts of bankruptcy fraud. Sentencing is set for Dec. 10, 2026. He faces up to 20 years on each wire-fraud count and up to five years on each bankruptcy-fraud count. The FBI Washington Field Office investigated. Press release 26-1029.
Jihoon Park told people in his community he would grow their savings.
A federal jury in Alexandria, Virginia, found him guilty on Sept. 8. Park is 52 and from Chantilly, Virginia.
Prosecutors said he used personal relationships and a former tie to a large national financial institution to win trust. He promised safe investments with high returns. Instead, the department said, he transferred more than $2.5 million from victims to himself and used the money to buy a house and cryptocurrency.
When a victim sued him, the department said, he moved assets to his wife, hid millions of dollars in cryptocurrency, filed for bankruptcy, and falsely claimed he had only $0.34 in financial assets and no cryptocurrency.
The jury convicted him of three counts of and two counts of bankruptcy fraud. Sentencing is set for Dec. 10, 2026. He faces a maximum of 20 years on each wire-fraud count and five years on each bankruptcy-fraud count. A judge will set the sentence after considering the and other statutory factors.
The FBI Washington Field Office is investigating. Press release 26-1029. Restitution amounts are not in the release.
How we know

What is still unknown or disputed

  • Restitution amounts and final sentence not yet set.

Primary sources

Every claim in this story is drawn from the documents below. If a fetch failed, that is recorded on the card.

  1. Source 1

    Virginia Man Convicted of Investor and Bankruptcy Fraud Scheme

    U.S. Department of Justice, Office of Public Affairs · September 8, 2026

    Jury convicted Park of three counts of and two counts of bankruptcy fraud; transferred over $2.5 million; claimed $0.34 in bankruptcy; sentencing Dec. 10, 2026; PR 26-1029.

    https://www.justice.gov/opa/pr/virginia-man-convicted-investor-and-bankruptcy-fraud-scheme