"Received a Large Inheritance"... 50s Sentenced to Prison for Deceiving Acquaintances and Embezzling Tens of Millions of Won

Exterior view of Ulsan District Court located on Beopdae-ro, Nam-gu, Ulsan City [Image source=Yonhap News]

[Asia Economy Reporter Kim Choyoung] A woman in her 50s who deceived an acquaintance into believing she was to inherit billions of won and extorted tens of millions of won was sentenced to prison.

The Ulsan District Court Criminal Division 1 (Presiding Judge Kim Junghwan) announced on the 10th that A (55), who was indicted on charges of fraud, was sentenced to six months in prison.

The court stated the sentencing reasons, saying, "A had no inherited assets and had neither the intention nor the ability to repay the money borrowed from the victim. Considering that the amount defrauded was not small, the victim's loss was not recovered, and there was a prior record of similar offenses, the judgment was made."

In December 2009, A met an acquaintance and deceived them by saying, "I have about 2 billion won in inherited assets, but my younger sibling has imposed seizure measures on the assets, so I need to prepare for a trial," and borrowed about 7 million won.

Afterward, A continued the fraudulent acts by telling the acquaintance, "If you lend me money, I will pay 40% interest per month," collecting 37 million won over six times in two years and failing to repay it.

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