"Husband Working Abroad, Asked for Loan... 60s Sentenced to Prison for Embezzling Billions"

Introducing Her Lover as Husband
Victim Kim Mo Reported Being Defrauded of About 1.6 Billion Won Over 461 Cases in 3 Years

[Asia Economy Reporter Oh Gyumin] A man in his 60s who introduced his lover as her husband and took tens of billions of won under the pretext of his overseas construction and apartment sales business was sentenced to prison in the first trial.

The Criminal Division 11 of the Seoul Western District Court (Chief Judge Moon Byungchan) announced on the 16th that Kim (61), who was indicted for violating the Act on the Aggravated Punishment of Specific Economic Crimes (fraud) and fraud charges, was sentenced to 3 years and 6 months in prison.

The court pointed out, "He repeatedly committed crimes against multiple victims over a considerable period, and the amount defrauded reached tens of billions of won," adding, "Some of the money appears to have been used for gambling funds."

However, the court explained the sentencing reason, saying, "The defendant admitted most of the criminal facts and returned about half of the damages to the victim with the largest damage," and "Partial repayment to other victims also seems to have been made."

Kim is accused of defrauding about 2 billion won from eight victims between 2014 and 2020. Victim Kim was defrauded of a total of 1,674,660,000 won over 461 times in three years.

Claiming that "my husband is doing a bridge construction worth about 37 billion won in Romania and will soon receive the construction payment to repay," Kim approached the victims saying she needed business funds and committed the crime.

Kim's husband was revealed to be her lover, not a legal spouse. Moreover, the lover had never conducted any bridge construction in Romania.

This content was produced with the assistance of AI translation services.