Gang Involved in Jeonse Fraud Disguised as Gap Investment Sent to Trial... Gangsters Also Involved

[Asia Economy Reporter Yoo Byung-don] A group that pretended to purchase officetels through gap investment to embezzle jeonse loan funds has been brought to trial.

On the 14th, the Jeonse Fraud Special Investigation Team of the Criminal Division 1 at the Seoul Southern District Prosecutors' Office (Chief Prosecutor Lee Eung-cheol) announced that six members of a gang, including A (37), a member of an organized crime group, were indicted on charges of fraud. Except for one person who had a minor role in the crime, all others were sent to trial in custody.

A and others are accused of pretending to purchase newly built officetels in the form of gap investment without any intention to lease them, deceiving tenants, causing them to take out jeonse deposit loans, and then embezzling about 150 million won before fleeing.

Earlier, the Yeongdeungpo Police Station in Seoul had arrested and sent three suspects to prosecution in June and September. Some suspects, who were prepared to face criminal punishment, concealed their involvement, causing confusion during the investigation.

Accordingly, the prosecution deemed further investigation of accomplices necessary and requested supplementary investigation from the police. Through this, the prosecution additionally indicted three higher-ranking members of the organized crime group in the Daejeon area, including A, on the 15th of last month.

A prosecution official stated, "We will do our best to minimize the damage caused by jeonse fraud crimes that destroy people's livelihoods."

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