"Demanding Hundreds of Millions in Investment Funds"
Relatives, Family, and Acquaintances Among Victims Surrounding the Case

Jeon Cheong-jo (27), who announced his marriage to former national fencing athlete Nam Hyun-hee (42), has been accused of demanding investment funds worth hundreds of millions of won from Nam Hyun-hee's nephew as well.


[Photo by Nam Hyun-hee, Instagram capture]

[Photo by Nam Hyun-hee, Instagram capture]

View original image

According to a KBS report on the 26th, the police recently secured a statement from Nam's nephew claiming, "I was defrauded by Jeon."


Nam's nephew testified during the police investigation, "Since last May, I transferred hundreds of millions of won to Jeon in three installments under the pretext of investment funds."


Jeon reportedly persuaded Nam's nephew to invest by saying, "If you invest about 100 million won in a listed company that I operate in a partnership format, I will return the investment amount with interest after one year."


Jeon is also known to have committed investment fraud against Nam's family. According to Dispatch, Jeon's bodyguard collected 90 million won from Nam's family under the pretext of investment funds. Jeon, who claimed to be a third-generation chaebol, is known to usually be accompanied by about ten bodyguards.


On the same day, SBS also reported that four to five people, including acquaintances of Nam, were deceived by Jeon and suffered investment fraud.


The total amount they invested is estimated to exceed one billion won, and one of Nam's acquaintances said, "Jeon told us that if we invested in the listed company last May, he would return the money with interest after one year, so we transferred hundreds of millions of won in three installments," appealing for help.


Meanwhile, it has been confirmed that Jeon was previously sentenced to 2 years and 3 months in prison for embezzling about 220 million won through two fraud cases in 2020.



Additionally, in mid-this month, a complaint was filed with the police on the 25th accusing Jeon of fraud and attempted fraud for inducing a loan by proposing a partnership to another woman in her twenties.


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

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Today’s Briefing