Woman in Her 20s Embezzled 500 Million Won in Company Funds for Overseas Trips and Crypto Investments, Forged Balance Certificates

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[The Financial News] A woman in her 20s who embezzled hundreds of millions of won in company funds into her own account and forged a balance certificate to conceal it has been sentenced to prison.
According to the legal community on the 21st, Busan District Court Criminal Division 5, presided over by Judge Kim Hyun-soon, sentenced A to three years in prison on charges including violations of the Act on the Aggravated Punishment of Specific Economic Crimes.
The court also ordered A to pay the victimized company about 570 million won in embezzled funds.
A is accused of embezzling more than 570 million won by transferring money from a company account to her own account 680 times from September 2021 to August last year while working as a bookkeeper for a company in Busan.
Investigators found that A carried out the crimes using the company's corporate bankbook and seal. The stolen money was used for crypto investments, overseas travel expenses, and living costs.
It was also revealed that A forged a balance certificate for the company's trust deposit account and submitted it to the accounting firm in charge to hide the embezzlement.
The court said, "The crimes were committed repeatedly over a long period, and the victim is also calling for severe punishment." It added, "Considering the duration and method of the crimes, as well as the scale of the damage, the culpability is very serious."
It also explained the sentencing by saying, "The sentence was determined after taking into account that the defendant admitted to the crimes and that she had no prior criminal record."
A has appealed the ruling.
newssu@fnnews.com Kim Soo-yeon Reporter