Trial Postponed for First Instance of Former Cheongjo Accused of Fraud for Impersonating Third-Generation Chaebol Heir

Court: Additional Interrogation Needed for Security Team Leader

The first trial verdict for Jeon Cheong-jo (28), who impersonated a third-generation chaebol heir and committed an investment fraud worth tens of billions of won, has been postponed.

Jeon Cheong-jo is being escorted from the Seoul Songpa Police Station to the Eastern District Prosecutors' Office.
[Image source=Yonhap News]

The Seoul Eastern District Court Criminal Division 11 (Presiding Judge Kim Byung-chul) announced on the morning of the 8th that the sentencing for Jeon, who was detained and indicted on charges including fraud and forgery of official documents under the Act on the Aggravated Punishment of Specific Economic Crimes, would be delayed. The court explained that additional questioning was necessary for Lee (27), the head of the security team and an accomplice.

At the sentencing hearing on the 31st of last month, the prosecution requested a 15-year prison sentence for Jeon. The prosecution emphasized the need for severe punishment, stating, "Jeon has confessed to all crimes since the investigation stage, but the crime was committed with the purpose of living a luxurious life through the victim's money, showing no mitigating motive. The possibility of recovering the damages is slim, and the economic and psychological harm suffered by the victims is expected to continue."

In his final statement, Jeon said, "Many people call me a notorious fraudster and point fingers at me. I thought I deserved to die. Even if it takes time, I promise to recover the damages and show it through my actions. I deeply repent and repent again."

From April 2022 to October 2023, Jeon pretended to be the hidden successor of Paradise Hotel and swindled about 3 billion won from 27 people under the pretext of investment funds. Jeon's fraudulent activities were revealed after he became known as the fianc? of former national fencing representative Nam Hyun-hee.

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