40s Woman Who Deceived Lover by Promising Auction Proceeds and Embezzled 400 Million Won Sentenced to 5 Years in Prison

[Image source=Yonhap News]

[Asia Economy Intern Reporter Kim Seong-yeol] A woman in her 40s who extorted over 400 million won from a man she was dating by promising profits from auction investments was sentenced to five years in prison.

The Ulsan District Court Criminal Division 3 (Presiding Judge Kim Joo-ok) announced on the 6th that A (48, female), who was tried on charges of fraud, was sentenced to five years in prison in the first trial.

The court stated the sentencing reasons, saying, "The defendant committed a crime again during the recidivism period for similar offenses, the damage was severe, and since there was no settlement or compensation, the victim petitioned for a heavy sentence. Additionally, the crime was intelligent and premeditated."

In 2017, A was charged with deceiving a man, B, whom she met through internet chatting, by claiming, "I have made a lot of money through auctions since my 20s," and "If you invest money in auctions, I will give you profits," and embezzling 427 million won over 24 transactions.

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