Dallas, Texas – Justice News Flash – A popular South Korean blogger arrested for posting false information online has been denied bail.

A South Korean blogger who was arrested in connection to alleged false economic data posts online has been denied bail. As reported by the Associated Press (AP), the blogger was said to have posted on the Internet that major financial institutions and trade businesses were prohibited from purchasing U.S. dollars, which purportedly had a negative impact on the foreign exchange market.

The arrest of the 31 year-old blogger, who is known in the cyberworld as “Minerva” led to many debates on free speech online in South Korea, which as noted by the AP, is one of the most technological savvy regions across the globe.

If convicted of the charges brought against him, the blogger could receive a sentence of up to five years in prison or be fined up to 50 million won, which is the equivalent of $36,360.