Former District Mayor's Father Exploited for Luxurious Lifestyle... Woman in Her 40s Commits 15 Billion Won Investment Fraud

Enjoying Luxurious Life with Money Obtained by Fraud
Criticism as a Fraudster and Family Destroyer

A woman in her 40s who used her father's history as a district mayor to carry out an investment fraud worth around 15 billion KRW has been arrested. On the 25th, the police announced that they had arrested Ms. A, a woman in her 40s and daughter of a former district mayor in the Busan area, on the 16th on charges of fraud under the Act on the Aggravated Punishment of Specific Economic Crimes. Ms. A is accused of deceiving 20 people into investing 15 billion KRW by claiming that investing in a bottle cleaning business under her father's name, who served multiple terms as district mayor in Busan until November last year, would yield profits.

According to the police investigation, Ms. A was found to have never actually operated a bottle cleaning business. The victims included acquaintances met through alumni networks and social networking services (SNS), as well as parents of her child's friends, revealing that Ms. A defrauded indiscriminately. Victims told JTBC's 'Case Manager' that "Ms. A enjoyed a luxurious lifestyle, buying luxury goods with the money she obtained through fraud." Victim B said, "She indulged in extravagance beyond imagination," adding, "I even saw three fur coats in her closet, each costing over 30 million KRW."

Mr. A is accused of embezzling 15 billion won in investment funds from 20 people by claiming that if they invested in a bottle cleaning business using the name of his father, who served multiple terms as a district mayor in Busan until November last year, they would receive profits.
[Photo by JTBC 'Sageonbanjang']

Another victim, C, said, "She pretended to be a wealthy business owner in Busan, adorned herself with all kinds of luxury goods, and went to Seoul," adding, "She also involved those people in the bottle cleaning business." Ms. A reportedly flaunted her wealth by posting photos on her SNS of a Porsche car worth over 100 million KRW, a diamond-studded watch, Herm?s bags, Chanel bags, and more. She also shared her lavish lifestyle, including yacht trips and golf.

One victim said, "Ms. A sent messages saying that she had been sending her son to language study in Hawaii since elementary school, spending about 40 million KRW a month on accommodation, living expenses, and plane tickets," and added, "She seemed to be completely absorbed in the false world she created." The victim further expressed anger, saying, "All the victims deceived by Ms. A are women, and in the case of married victims, their families have been destroyed. She is not just a fraudster but a family destroyer."

After Ms. A's actions were exposed, her husband said, "My family also suffered great damage," and added, "We are currently in divorce proceedings." Ms. A's father, a former district mayor, has not made any particular statement.

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