School Chairman Embezzled 1.3 Billion Won Over 11 Years... Sentenced to 2 Years in Prison

Embezzlement of Building Rent, Use for Personal Purposes

A former school chairman who embezzled approximately 1.3 billion KRW over 11 years by leasing school facilities as fitness centers was sentenced to imprisonment.

[Image source=Yonhap News]

On the 16th, the 11th Criminal Division of the Seoul Eastern District Court (Presiding Judge Kim Byung-chul) announced that it sentenced Mr. B, the former chairman of A High School, who was indicted for violating the Act on the Aggravated Punishment of Specific Economic Crimes (embezzlement), to 2 years in prison.

Mr. B was charged with embezzling part of the rent from the lifelong education center building of the high school and using it for personal purposes. Under current law, fees for the use of school facilities must be credited to the school’s accounting.

The court pointed out, "Embezzlement by operators of school foundations against the school foundations has long been a social issue. However, due to the absolute authority held by operators within school foundations, such crimes often remain undisclosed externally, and even if detected, operators of school foundations have appeared to avoid severe punishment through subsequent damage recovery."

The court stated, "Considering the circumstances, methods, duration, and direct and indirect damages of the crime comprehensively, even after taking all favorable factors into account, it is appropriate to impose a prison sentence on the defendant."

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