A man in his 30s arrested and indicted for lending his name and participating in a jeonse loan fraud scheme

A man in his 30s who participated in a fraud by lending his name to a Jeonse loan scam gang has been arrested and indicted.

On the 17th, the 3rd Criminal Division of Daegu District Prosecutors' Office (Chief Prosecutor Jo Yong-woo) indicted a man in his 30s, Mr. A, on charges of fraud.

Mr. A is accused of lending his name to a Jeonse loan scam gang from March to April last year, registering as the owner of two villas in Seoul and Incheon, and then, together with accomplices, falsely signing lease contracts to fraudulently obtain 200 million won in Jeonse loan funds from a bank.

Mr. A and his accomplices exploited a policy that allows young people without homes to apply for Jeonse deposit loans simply and non-face-to-face, guaranteed by the Korea Housing Finance Corporation without collateral, and that loans are granted based solely on document screening.

In particular, it was investigated that Mr. A participated in the Jeonse loan scam just four months after being released in 2021, having served a prison sentence for a telephone financial fraud (voice phishing) crime.

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