Prosecution Appeals 8-Year Prison Sentence for 'Gangseo-gu Villa King'

The prosecution has appealed the first trial verdict that sentenced Lee Mo (69), the so-called 'Gangseo-gu Villa King,' to 8 years in prison.

Villa King [Graphic=Asia Economy]

The Seoul Central District Prosecutors' Office Trial Division 2 (Chief Prosecutor Kim Yoon-sun) stated on the 11th, "Although we requested a 10-year prison sentence in the first trial, the sentencing result did not meet this," adding, "We appealed to seek a heavier sentence commensurate with the crime."

The prosecution explained, "The defendant caused serious damage by causing the victims to lose all their assets intended for purchasing homes, and although some victims received their deposits back from the Korea Housing & Urban Guarantee Corporation, the defendant himself made no effort to restore the damages."

They added, "We will continue to devote all efforts to maintaining the prosecution to ensure that strict sentences are imposed on lease fraud crimes that disrupt the real estate market and threaten the lives of ordinary citizens."

Earlier, on the 6th, Judge Seo Soo-jung of the Seoul Central District Court Criminal Division 20 sentenced Lee, who was detained and indicted on fraud charges, to 8 years in prison. Lee was tried for embezzling a total of 8.4 billion won in lease deposits from 43 tenants in the Gangseo-gu area of Seoul between June 2017 and December 2018 through a no-capital gap investment method. He is also known as the 'first-generation Villa King' owning 497 houses.

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