'400 Billion Won Apartment Sale Fraud' Union Head Arrested and Sent to Prosecution

A group that collected membership fees amounting to 40 billion won by claiming to sell apartments in Seongdong-gu, Seoul, has been handed over to the prosecution.

[Image source=Yonhap News]

On the 16th, the Gangnam Police Station in Seoul announced that they had sent two people, including Han Mo, the head of the local housing cooperative, and Park Mo, the auditor, to detention on charges of fraud, while the remaining six were sent without detention.

They advertised that they would sell apartments with 593 units in a 34-story building in Oksu-dong, Seongdong-gu, and collected membership fees from about 400 people from April 2017 to June 2021. In April 2017, they even built a model house in Hannam-dong, Yongsan-gu, and deceived people by claiming that most of the land had been purchased and that project approval would be granted soon.

The police launched an investigation following complaints from the victims and conducted additional investigations after detaining the cooperative head and another person last month.

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