Brother-in-law and sister-in-law arrested for pocketing over 2.7 billion won through 'no-capital gap investment' jeonse fraud

[Asia Economy Yeongnam Reporting Headquarters Reporter Hwang Du-yeol] Two men who purchased officetels using loans from financial institutions and then signed jeonse contracts to pocket over 2.7 billion won have been caught.

According to the Busan Nambu Police Station on the 27th, a man in his 20s, Mr. A, was arrested and a man in his 40s, Mr. B, was booked without detention on charges of defrauding 21 tenants of jeonse deposits totaling over 2.7 billion won.

Mr. A and Mr. B, who are brothers-in-law, purchased 24 officetel units in Suyeong-gu for about 7 billion won around March 2020 using loans from financial institutions without any capital.

From April 2020 to May 2021, despite being unable to return the jeonse deposits due to excessive debt, they signed jeonse contracts with 21 tenants for the purchased officetels.

The police launched an investigation following complaints from victims who did not receive their jeonse deposits back, and it is known that Mr. A and Mr. B pocketed a total of over 2.7 billion won.