A Brazen Accountant Embezzled 76 Million Won of Company Funds and Squandered It on Living Expenses

Embezzlement of Caddy Deposit While Working at Golf Company
Non-Detention Trial and Court Sentences 8 Months Imprisonment

A 30-year-old accounting staff member was sentenced to prison for embezzling tens of millions of won of company funds and squandering them on living expenses.

On the 13th, Judge Song Jong-seon of the Chuncheon District Court Criminal Division 1 sentenced A (33), who was indicted on charges of embezzlement in the course of business, to 8 months in prison.

Chuncheon District Court.
Photo by Yonhap News

A worked as an accounting staff member at a golf company in Hongcheon-gun and is accused of embezzling 76 million won of company funds 54 times over four years starting from December 2018.

According to the investigation, A embezzled company funds by collecting caddie deposits and insurance payments but not depositing them into the company’s bank account. The embezzled money was used for living expenses and other purposes.

Judge Song, who presided over the trial, stated, "It is favorable that approximately 15 million won of the damages have been recovered and that the defendant is a first-time offender with no prior criminal record," but added, "Considering the serious nature of the crime, the unrecovered damages exceeding 60 million won, and the failure to reach an agreement with the company, a prison sentence is inevitable."

However, since it was judged that there was no risk of evidence destruction or flight even after the prison sentence, A, who had been tried without detention, was not taken into custody in court.

Meanwhile, a 50-year-old accounting staff member who had committed embezzlement twice around the same time and received light punishments was sentenced to 5 years in prison for embezzling 1 billion won of company funds again.

On the 9th, the Suwon High Court Criminal Division 2-1 (Presiding Judges Wang Jeong-ok, Kim Gwang-yong, and Lee Sang-ho) upheld the first trial’s 5-year prison sentence for B (59), who was charged with violating the Act on the Aggravated Punishment of Specific Economic Crimes (embezzlement).

B used a method of falsely recording withdrawal bank statement details as if payments were made to suppliers and transferred company funds to his own account 309 times, using the money for living expenses and other purposes.

He had previously received a suspended sentence in 2009 for embezzlement in the course of business and a fine in 2010 for the same crime.

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