New Employee Embezzled 700 Million Won for Gambling... Turns Out to Be a Repeat Offender

Court Sentences to 4 Years Imprisonment

A man in his 30s who began embezzling company funds just over a month after joining his job and squandered hundreds of millions of won through gambling over seven months was sentenced to prison.

According to Yonhap News on the 24th, the Busan District Court Criminal Division 5 (Chief Judge Jang Gi-seok) recently sentenced Mr. A, who was indicted on charges including fraud under the Act on the Aggravated Punishment of Specific Economic Crimes, embezzlement in the course of business, forgery of electronic records, and gambling, to four years in prison and ordered him to pay compensation of over 800 million won.

[Photo by Pixabay]

According to the verdict, Mr. A worked at a company in Busan from October 2022 to April of the following year, handling tasks related to purchasing supplies and industrial safety and health permits. He is accused of embezzling a total of approximately 687 million won by submitting fake drafts claiming that about 3 million won was needed for air and water quality measurement inspection fees, among other methods, across 44 occasions, transferring the money to an account under his younger brother’s name.

Mr. A is also charged with illegal gambling, having deposited a total of approximately 1.071 billion won, including a significant portion of the embezzled funds, into illegal sports gambling site accounts 450 times and recharging cyber money to gamble illegally. Additionally, during a similar period, he is accused of purchasing personal items worth about 117 million won 30 times using the company credit card.

Furthermore, Mr. A has a prior record of being granted a suspended indictment for similar crimes and is reportedly currently under accusation for personal use of a company credit card at another company he joined after this incident.

The court stated, "The defendant began committing crimes just over a month after joining the company, forging electronic records 47 times over about seven months to embezzle 700 million won and embezzling 100 million won. Considering the use of the embezzled money for gambling, the method and duration of the crimes, the culpability is severe," explaining the reasons for sentencing.

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