[Breaking] Kim Jaehyun, CEO of Optimus involved in 1 trillion won fund fraud, sentenced to 40 years in prison finalized

[Asia Economy Reporter Kim Daehyun] The Second Division of the Supreme Court (Presiding Justice Min Yusuk) upheld the original sentence on the morning of the 14th, sentencing Kim Jaehyun, CEO of Optimus Asset Management (Optimus), to 40 years in prison. Lee Dongyeol (47), the second-largest shareholder of Optimus who was also indicted, received a confirmed sentence of 20 years in prison and a fine of 500 million won, while director Yoon Seokho (45) was sentenced to 15 years in prison and fined 300 million won.

Previously, CEO Kim and others were prosecuted on charges of deceiving investors by claiming to invest in public institution accounts receivable from April 2018 to June 2020, raising approximately 1.3 trillion won in investment funds, then engaging in the acquisition of non-performing bonds and circular fund transactions. The investigation confirmed that there were as many as 3,200 victims, and considering that corporations and organizations also invested in Optimus, the actual scale of damage is estimated to be even larger.

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