“Passing on a Non-Profitable Acting Academy” … University Adjunct Professor Fined for Fraud Charges

[Asia Economy Yeongnam Reporting Headquarters Reporter Dongguk Lee] A visiting professor at a university in Gyeongbuk was sentenced to a fine after being tried on fraud charges.

On the 11th, according to the Daegu District Court Criminal Division 3 (Judge Jina Kim), visiting professor A of D University, who was indicted on fraud charges on the 8th, was sentenced to a fine of 15 million won.

Professor A is known to have used his position at D University to deceive B, whom he met while performing in a play, by making a deficit-running acting academy appear profitable and hiding the fact that the academy director C embezzled operating expenses.

Professor A is also accused of cheating 35 million won by falsely claiming to give up 50% of his shares in the academy, as the Department of Theater and Film at D University was relocating to a distant area, making it difficult to operate the academy.

The prosecution previously requested a prison sentence of 1 year and 6 months for Professor A at the sentencing hearing.

The court stated, "If victim B had known these circumstances, the contract might not have been concluded," and "Professor A's deceptive act of not disclosing this is recognized."

The court pointed out, "Considering the content and method of the crime committed by the defendant, especially the lack of remorse and failure to reach a settlement, the nature of the crime is not light."

However, the court explained the sentencing reason, "The defendant is a first-time offender, and all conditions presented in the trial, including the scale of the defrauded amount and the defendant's age, were considered."

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