Nephew Arrested and Prosecuted for Embezzling Hundreds of Millions by Selling Apartment of Intellectually Disabled Uncle

The nephew who embezzled several hundred million won by selling an apartment using the status of adult guardian of his intellectually disabled uncle has been brought to trial.

The Women's and Children's Crime Investigation Division of the Seoul Northern District Prosecutors' Office (Chief Prosecutor Lee Seonnyeo) announced on the 15th that Mr. A, in his 50s, was arrested and indicted on charges of embezzlement under the Act on the Aggravated Punishment of Specific Economic Crimes.

Mr. A obtained the status of adult guardian for his intellectually disabled uncle in 2019, and in 2020, with the family court's approval for sale, sold his uncle's apartment worth about 1 billion won located in Dongdaemun-gu.

Adult guardianship is a system in which an adult who has lost the ability to manage affairs due to mental limitations caused by illness, disability, or old age receives protection and support for property management and daily life through a guardian appointed by a family court decision.

When approximately 580 million won from the sale of the real estate, excluding the jeonse deposit, was deposited under his uncle's name, Mr. A transferred the entire amount to an account in his own name and used it as business funds.

The prosecution is taking steps to recover the embezzled amount from Mr. A and has connected the victim to the Developmental Disability Support Center under the Ministry of Health and Welfare.

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