Dentist Who Embezzled 10 Billion Won from Patients Turns Out to Be Victim of 25 Billion Won Scam

Man in His 60s Swindles Dentist Out of Over 25 Billion Won

"Will Inherit 250 Billion Won Alone" ... Pretended to Be a Wealthy Heir

A dentist, who was recently sent to the prosecution for allegedly embezzling over 10 billion won in investment funds from her patients and acquaintances, turned out to have been scammed herself out of more than 25 billion won by a man in his 60s who falsely claimed to own assets worth hundreds of billions of won.

Approached by Posing as a ‘250 Billion Won Asset Holder’

According to Yonhap News on September 15, the Gwangju West Police Station arrested and detained a man in his 60s, identified as A, on charges of fraud under the Act on the Aggravated Punishment of Specific Economic Crimes, for swindling approximately 25.3 billion won from the dentist. A is accused of deceiving B, a female dentist in her 50s, by pretending to be a wealthy individual with assets worth hundreds of billions of won and taking a total of 25.3 billion won from her since 2022.

Investigations revealed that A introduced himself as an 'heir of wealth for three generations' and deceived B into believing that the assets he was expecting to inherit amounted to 250 billion won.

A won B's trust by giving her luxury goods and then asked to borrow money, claiming that his factories and businesses had been temporarily seized due to litigation in the United States. He promised to pay back several times the principal, and when B asked to be repaid, he claimed he needed additional funds to lift a seizure on a factory in Gyeonggi Province before he could sell it, thereby extracting more money from her.

To allay B’s suspicions, A also returned about 4 billion won as supposed profits. It was found that A used a pseudonym, wore a mask while conducting these activities, and operated using other people’s mobile phones and bank accounts.

Notably, whenever he needed to make a call, A would travel about 20 kilometers from his residence and speak on the phone for around five minutes before turning off the device, in order to evade police tracking. Police traced A through his mobile phones and bank accounts, confirmed he was residing in Namyangju, Gyeonggi Province, and, after approximately two months of pursuit and stakeout, arrested A in June.

Funds Embezzled and Spent on Internet Broadcasting Donations

It was confirmed that A spent most of the money acquired from B on donations to internet broadcasting and similar activities. Previously, B had been sent to the prosecution in August after soliciting investments from patients and acquaintances in order to raise funds for A, collecting about 10 billion won, which she failed to return.

During their investigation into B, police discovered that investment funds were being siphoned off to a specific account on a recurring basis and subsequently traced the flow of funds. Police plan to further investigate whether A was involved in additional crimes before referring the case to the prosecution.

Meanwhile, B was detained during the investigation but was released following a detention review and is reportedly continuing to provide treatment to patients who have prepaid for services.

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