SEOUL (AFP)--South Korean prosecution authorities said Thursday they had arrested a popular Internet pundit on charges of spreading "groundless" allegations that the country's currency, the won, was imperiled.
The Internet user, under the alias "Minerva," caused a stir in recent months with more than 200 postings about the country's financial crunch and the global economic crisis.
A prosecutor said Minerva - who was rumored to be a retired financial market worker - is in fact a 30-year-old jobless man who only learned about foreign exchange markets through self-education...
Minerva drew a large Internet audience with postings that accurately predicted the collapse of Lehman Brothers in September, the won's sharp depreciation and the local stock market's crash.
Full article at http://money.cnn.com/news/newsfeeds/articles/djf500/200901080546DOWJONESDJONLINE000464_FORTUNE5.htm
