Man in His 30s Sentenced to Prison for Spending 900 Million Won in Company Funds on Star Balloons

Embezzled Over 1.4 Billion Won From Used Car Sales, Spent 900 Million Won on Virtual Gifts

A man in his 30s who embezzled company funds and squandered them on internet broadcast donations and living expenses has been sentenced to prison.

On the 19th, the Cheonan Branch of the Daejeon District Court, Criminal Division 1 (Presiding Judge Jeon Kyungho), sentenced Mr. A (38), who was arrested and indicted for violating the Act on the Aggravated Punishment of Specific Economic Crimes (embezzlement), to four years in prison.

Mr. A, who worked as the head of the Dubai branch at a used car trading company, was brought to trial on charges of arbitrarily using a total of approximately 1.393 billion won from the proceeds of used car sales on 164 occasions from 2022 to last year.

It is known that Mr. A used 900 million won of the embezzled amount to purchase "Star Balloons" to give as gifts to BJs broadcasting on AfreecaTV.

The court stated, "Not only did he betray the trust relationship with the company and commit the crime, but he also squandered the embezzled funds on Star Balloon purchases and living expenses, which makes the nature of the crime particularly bad. Considering that the damage has not been recovered, that it seems unlikely to be recovered in the future, and that the victimized company is calling for a severe punishment, the sentence has been determined accordingly."

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