[Asia Economy Yeongnam Reporting Headquarters Reporter Kim Yong-woo] A woman who deceived people by claiming that her relative was an executive at a luxury hotel and that she could sell accommodation vouchers at a low price, thereby embezzling 2.3 billion won, has been sentenced to prison.
The Criminal Division 5 of the Busan District Court (Chief Judge Park Mu-young) announced on the 2nd that A, who was indicted for violating the Act on the Aggravated Punishment of Specific Economic Crimes (fraud), was sentenced to five years in prison.
A is accused of receiving about 1.083 billion won from 17 people from March 2020 to July 2021 under the pretext of purchasing cheap accommodation vouchers or investment funds related to luxury hotels, and embezzling a total of 2.38 billion won from dozens of people using similar methods.
According to the Busan District Court, A falsely claimed that since her relative was a hotel executive, she would provide 20 accommodation coupons for 800,000 won. It was revealed that A used the money received from multiple victims for living expenses and recruited new investors to cover previous payments in a Ponzi scheme.
The court stated the sentencing reason, saying, "The amount embezzled is large, and the defendant squandered the money on a luxurious lifestyle, making the crime serious."
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