"I am a Cheongwadae Advisor"... Extorting Money from Business Owners Facing Financial Difficulties

[Asia Economy Yeongnam Reporting Headquarters Reporter Ju Cheol-in] A man in his 50s who impersonated a Blue House aide and approached a small business owner to swindle hundreds of millions of won was sentenced to prison.

On the 4th, Hwang Un-seo, chief judge of the Criminal Division 12 at Ulsan District Court, announced that Mr. A, who was indicted on charges of fraud, was sentenced to two years in prison.

Mr. A was prosecuted for approaching Mr. B, a small business owner struggling with financial difficulties in November 2015, introducing himself as a Blue House aide, and deceiving him by promising to help secure corporate funding, thereby embezzling 220 million won in two installments.

Knowing that Mr. B was experiencing financial difficulties, Mr. A approached him and committed the crime by introducing his accomplice, Mr. C, as an official in charge of a secret fund management office stationed in Korea, dispatched from the U.S. Department of State.

The court stated the sentencing reasons, saying, “The method involved impersonating a public official, which is very reprehensible, the amount embezzled was large, and no effort was made to compensate the victim.”

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