"Will Grow Your Money with Stock Investment" Cheonan Official Who Took 1 Billion Won and Disappeared Found Dead

Police: "No signs of homicide... Fraud investigation closed"

A public official in his 30s who had disappeared after collecting investment funds from acquaintances, promising to generate profits through stock investments, was found dead on the 10th.

[Asia Economy Reporter Kim Bong-ju] A public official in her 30s who took investment money from acquaintances promising profits through stock investments and then disappeared was found dead.

According to the police on the 11th, A (female, 35), a public official on leave from Cheonan City, Chungnam Province, was found dead inside a car in the parking lot of a gas station in Jeonnam Province around 5 p.m. on the 10th.

The police received a complaint on the 8th stating that A had taken money promising to invest in stocks but had been unreachable since, and launched an investigation.

A’s family reported her missing to the police after she left home on the 4th and did not return.

Previously, A reportedly told acquaintances, "Putting money in the bank only earns about 1-2%. You can earn 200% profit through stock investments," and received investment funds.

There are over 20 complaints filed with the police from victims, with damages exceeding 1 billion KRW.

The police found a note in the vehicle where A was discovered, containing an apology to family and acquaintances.

A, who worked at a community center in Cheonan, had been on parental leave from October last year until June next year.

After receiving notification of the investigation from the police, Cheonan City dismissed A from her position on the 8th.

The police believe that A took her own life after being unable to repay the investment money received from acquaintances and are investigating the exact cause of death.

A police official stated, "Although this is a regrettable situation, since A was found dead without any suspicion of homicide, the investigation into A’s fraud charges will be closed due to lack of prosecution."

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