All Employees of Department Store Who Embezzled 500 Million Won Using Store Entry Bait Sentenced to 3 Years in Prison

[Asia Economy Yeongnam Reporting Headquarters, Reporter Ju Cheol-in] A former department store employee who pocketed about 500 million won by luring victims with department store store openings was sentenced to three years in prison in the first trial.

The Busan District Court Criminal Division 10 (Presiding Judge Lee Seong-jin) announced on the 6th that A, who was indicted on charges of fraud, was sentenced to three years in prison.

According to the judgment, A worked as an employee at a certain department store from 1995 to 2008, and after resigning, when life became difficult due to failures such as stock investments, he committed fraud by receiving investments from acquaintances under the pretext of department store openings.

In March 2010, A deceived acquaintance B and others by saying, "I have a special relationship with the department store CEO whom I met while serving as the union chairman. I decided to retire on the condition of leasing 6 to 7 stores in the opening department store. If you invest in the clothing store deposit, I will guarantee 5 million won monthly," and embezzled a total of 400 million won in seven installments until November of that year.

A was also indicted for receiving 50 million won each from two other acquaintances using a similar method.

The court stated, "Considering that the embezzled amount reached 500 million won, and although nearly 10 years have passed since the crime, the damage has not been restored," as factors in the sentencing.

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