'162 Billion Won Jeonse Fraud' That Devastated 154 Young Adults and University Students... Principal Culprit Sentenced to 12 Years in Prison

According to legal circles on the 27th, the 13th Criminal Division of the Seoul Northern District Court (Presiding Judge Na Sang-hoon) sentenced Mr. A (59), who was arrested and indicted on charges of violating the Act on the Aggravated Punishment of Specific Economic Crimes (fraud) and forging private documents, to 12 years in prison and a fine of 1 million won this morning. Mr. B (67), Mr.
A's older sister who was tried together on charges of aiding and abetting fraud, was sentenced to 2 years in prison suspended for 3 years. Mr. A entered the defendant's seat wearing an ochre-colored prison uniform today. Mr.
B, who had been on trial while out of custody, stood side-by-side with Mr. A in the defendant's seat wearing a mask to hear the judge's sentencing. The court found all charges submitted by the prosecution guilty and imposed strict accountability.
Presiding Judge Na stated the reasons for the sentencing regarding Mr. A, saying, "He denied the crime with excuses that are difficult to accept, failed to recover a significant portion of the damages, and has not received forgiveness from most of the victims. " The statement continued, "A significant number of the victims are university students or young professionals.
It appears they are suffering not only from economic damage but also from a considerable amount of mental distress to this day, and they have submitted petitions to the court multiple times requesting severe punishment. " Regarding B, the statement said, "Although the victims' losses were not fully compensated or forgiveness was not obtained, the fact that he is a first-time offender with no prior criminal record was taken into consideration. 2765 billion won from 154 people in the Dongdaemun-gu area since 2019 by entering into lease agreements despite having no intention or ability to return the deposits.
04 billion won from financial institutions by forging 139 lease agreements. It was found that he recklessly expanded his business using a so-called "rollover" method, covering existing security deposits with additional borrowed funds and deposits from new tenants, and was unable to return the deposits to tenants even after their contracts expired. It was revealed that B actively participated in the illegal financing despite being aware of A's deteriorating financial situation.
He facilitated the crime by having A sign lease agreements for real estate registered in his name and by transferring the security deposits received from tenants directly to A. 52 billion won in Jeonse deposits. At the final hearing held on the 13th, the prosecution requested the court to sentence the principal offender, A, to 15 years in prison and B to 5 years.
Meanwhile, the victims who left the courtroom immediately after the sentencing expressed their outrage over the court's ruling. One victim expressed regret regarding the severity of the court's punishment and institutional limitations, stating, "Korea is too good a country to commit fraud in. You have to live by committing fraud in the Republic of Korea.
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[email protected] Seo Ji-yoon Reporter