"Mother Passed Away"... 30s Man Cheats Lover and Acquaintances Out of 700 Million Won

Fraud Under the Pretext of Investment Funds... Even Forgery of Private Documents

A man in his 30s who deceived his girlfriend and friend by falsely claiming that his living mother had passed away and embezzled hundreds of millions of won under the pretext of funeral expenses was arrested.

On the 1st, the Pohang Branch of the Daegu District Prosecutors' Office announced that Mr. A was arrested and indicted on charges of fraud and forgery of private documents. Mr. A received hospital fees by claiming his parents were sick or received funeral expenses by falsely stating that his living mother had died. The prosecution explained that the amount embezzled under the pretext of hospital or funeral expenses reached about 100 million won.

From March 2021 to July 2023, Mr. A borrowed money from his girlfriend under the pretext of investing in company stocks or needing funds for apartment subscription deposits and failed to repay, embezzling a total of 460 million won. He is also accused of borrowing 250 million won from a friend under the pretext of company stock investment funds and not repaying it. The total amount Mr. A embezzled is 710 million won.

A prosecution official stated, "He also forged a securities account balance certificate during the course of the crime." It was reported that Mr. A forged apartment contract deposit receipts and securities account balance certificates to deceive them.