Former Cheongjo Father Accused of 1.6 Billion Won Fraud Arrested After 5 Years on Public Wanted List

Suspect in Theft Identified Through Fingerprint Comparison During Investigation

Jeon Chang-su (60), the father of Jeon Cheong-jo (27), who was publicly wanted on fraud charges, was apprehended by the police in Boseong, Jeollanam-do.

On the 26th, the Boseong Police Department announced that they caught Jeon, who was wanted, around 11:30 PM the previous day in front of a convenience store in Beolgyo-eup, Boseong-gun. This marks five years since he was publicly wanted.

The police caught Jeon while tracking a suspect involved in a break-in and mobile phone theft at a manpower brokerage office in Beolgyo-eup around 3:20 PM the same day. Even after being caught, Jeon concealed his identity, but the police eventually confirmed his identity through fingerprint comparison.

Jeon Chang-su, the father of former Cheongjo, who was on the run after committing a multi-billion won fraud.
[Image source=JTBC]

Jeon was publicly wanted by the Cheonan Seobuk Police Station in Chungnam on charges of fraud involving approximately 1.6 billion KRW (under the Act on the Aggravated Punishment of Specific Economic Crimes). Jeon is accused of deceiving victims in the Cheonan area in February 2018 by promising to purchase real estate and extorting about 1.3 billion KRW. Additionally, he borrowed 300 million KRW from acquaintances and then disappeared, embezzling a total of approximately 1.61 billion KRW from victims and continuing to evade capture. The Cheonan Seobuk Police Station plans to apply for an arrest warrant for Jeon soon.

Jeon Cheong-jo, who is accused of fraud under the Act on the Aggravated Punishment of Specific Economic Crimes, is leaving Songpa Police Station in Seoul to attend a warrant hearing at the Seoul Eastern District Court on the afternoon of the 3rd of last month.
[Image source=Yonhap News]

Meanwhile, separately from Jeon, his daughter Jeon Cheong-jo, who caused controversy for committing investment fraud involving tens of billions of won, is currently on trial while in custody. From April last year to October this year, Jeon Cheong-jo is accused of receiving and embezzling over 3 billion KRW from 27 people she met through lectures and other events under the pretext of investment funds. Investigations revealed that she deceived victims by posing as the hidden heir of Paradise Hotel and a major shareholder of a U.S. Nasdaq-listed company, claiming to offer secret investment opportunities known only to conglomerates.

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