500 million won stolen through ‘mutual aid subscription loan’ electronic product rental fraud...Jongbeom received ‘suspended sentence’
After recruiting credit delinquents through internet advertisements, they conspired to commit 'durable goods' crimes. They immediately disposed of the free gifts provided after signing up for mutual aid and 'cashed them out.' Among the criminal gang members who committed a 'home appliance rental fraud' worth 1.3 billion won by taking advantage of credit delinquent people who were unable to get loans from banks, a ruling was made to sentence the main offender to prison and the accessory offender to probation. On July 15, the Cheonan Branch Criminal Division of the Daejeon District Court (Presiding Judge Jeon Gyeong-ho) sentenced Mr. A (41 years old), who was arrested and indicted on charges of fraud (fraud) on the Act on the Aggravated Punishment of Specific Economic Crimes, to two years in prison and three years of probation, and sentenced the other defendants, who were the main criminals in this case, to three years in prison and two years and six months in prison, respectively. They signed up for specific products of the mutual aid company. It is known that a total of 1.3 billion won in profit was obtained by using the so-called electronic product ‘durable system’ (a new Internet word meaning ‘saving myself’), which is a variant loan in which expensive products such as electronic products provided through rental contracts are sold directly to a third party and the necessary funds are paid. Among them, Mr. While making the offer, he was accused of introducing the victim company's products and making a profit by disposing of the expensive products provided to the loan seekers after subscribing to the mutual aid product. Most of the loan seekers were poor credit and had financial problems, so it was found that they did not have the intention or ability to pay mutual aid and home appliance installments normally even if they signed up for the mutual aid product. Mr. A conspired with other defendants who were acquaintances in particular to run 'durable goods' through internet cafes, etc., centered around his hometown. After recruiting prospective borrowers, he committed the above crimes 165 times and was indicted on charges of misappropriating goods worth 500 million won. In this criminal trial, Mr. A's lawyer emphasized that the defendant was not the main criminal in this case and argued for consideration by revealing that the market value of the property in this case was lower than the amount of misappropriation stated in the indictment. Criminal Division 1 of the Cheonan Branch of the Daejeon District Court, which tried this case, said, “The defendants systematically divided their roles and committed the crime. The so-called 'durable system' crime not only causes enormous financial damage to the victim company, which is the direct victim, but also has great social and economic harm in that it ultimately worsens the economic situation of many borrowers who were in a difficult situation where even small loans are difficult," he said. “It cannot be done,” the court ruled. As for the reason for sentencing Mr. A, the court said, “It is an advantageous situation that the victim company does not want to punish Mr. A as some of the damages have been repaid and agreed to, and that the company has generally acknowledged and reflected on the crime from the beginning of the investigation,” said Lim Hye-jin, a lawyer at Daeryun Law Firm (Lihan), who represented Mr. A in this case, “As the pattern of fraud crimes has become more diverse, demands for stronger punishment for types of organized fraud are increasing.” “It is not uncommon to see severe punishment for new types of fraud, etc.,” he said. “Fortunately, in this case, we were able to avoid court detention by emphasizing that he was an accessory to the incident and not the main offender, and by making it clear that the actual proceeds of the crime were not large.” [View full article] - 500 million won defrauded through ‘mutual assistance loan’ electronic product rental fraud... Jongbeom received ‘suspended sentence’ (link)