Sung Joo Hong, also known as Sung Hong, Laurence Hong, or Lawrence Hong, was sentenced to 15 years in prison in October 2018 for leading a $12.7 million affinity investment fraud scheme that defrauded over 55 clients. The scheme, which began after a previous fraud conviction, involved posing as experienced investment advisors and using religious organizations to solicit funds for a hedge fund, Pishon Holdings. There is no publicly available information indicating legitimate crypto/blockchain angel investing or ICO involvement by this individual.