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"Stock Trading Scam Group Demanded Money"... Woman in Her 40s Sentenced to Prison for Embezzling 300 Million Won

A woman in her 40s who embezzled over 300 million won from a welfare center after being pressured for money by a stock investment scam group, which demanded payment in exchange for the return of her investment, has been sentenced to prison.


"Stock Trading Scam Group Demanded Money"... Woman in Her 40s Sentenced to Prison for Embezzling 300 Million Won

On August 2, Judge Kim Seonbeom of the Seoul Northern District Court's Criminal Division 7 announced that he had sentenced Cho (44), who was tried on charges of occupational embezzlement, to two years in prison.


Cho, who was responsible for accounting duties at a welfare center in Seoul, was accused of embezzling 349 million won over 12 transactions during a three-day period in December of last year.


The court stated, "Due to the defendant's crime, the welfare center appears to have faced significant difficulties in its operations, including paying wages."


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