Prosecutors Recover Additional KRW 2.28 Billion in Forfeited Assets from Kim Jaehyun in "Optimus Fund Fraud," Total Now KRW 21.66 Billion

Proceeds from Sale of Unlisted Shares Held by Borrowed-Name Corporation Secured
Recovered Funds to Be Returned to Victims

An additional KRW 2.28 billion of forfeited assets has been recovered from Kim Jaehyun, the former CEO of Optimus Asset Management and the main perpetrator of the Optimus Fund fraud case.

Seoul Central District Prosecutors' Office, Seocho-gu, Seoul. Photo by Jinhyung Kang

On July 16, the Seoul Central District Prosecutors' Office announced, "Of the total forfeited assets of KRW 75.17 billion imposed on former CEO Kim, an additional KRW 2.28 billion has been recovered."

This amount was secured by selling 2.85 million unlisted shares of Company A, which Kim had held under a borrowed-name corporation. The prosecution froze these shares in December 2020, and recently secured the proceeds following their sale.

Kim Jaehyun was found guilty and sentenced in July 2022 as the ringleader of the Optimus Fund fraud case, with an order to forfeit KRW 75.17 billion.

Since the final judgment, the prosecution has continuously tracked down and recovered hidden assets belonging to Kim, such as investments made under borrowed names, resort memberships, and a security deposit for a jeonse lease in his spouse's name. Including the newly recovered amount, the total recovered so far stands at KRW 21.66 billion.

The newly secured KRW 2.28 billion is recognized as criminal proceeds and, in accordance with relevant laws, will be returned to victims of the Optimus case.

The prosecution stated, "We will continue to make every effort to deprive offenders of their criminal profits through thorough recovery measures and to support the restitution of damages to victims of financial crimes."

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