Youth lease fund fraud sentenced to 14 years in prison for criminal gr…
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Recently, the Supreme Court sentenced A, who is in charge of the youth lease loan fraud case, to 14 years in prison. This case is the first case in which a criminal group crime was applied to a lease fund fraud organization, and it is causing a great social impact.
an overview of the case
Mr. A (52) is accused of stealing a total of 14.59 billion won from various banks using youth lease loan products 153 times during the period from July 2020 to October 2022. They committed the crime by writing false lease contracts and recruiting fake landlords and tenants. He exploited the fact that it is easy to get a loan if you have basic documents due to the nature of youth loan products.
a court's judgment
The Supreme Court maintained the original ruling and determined that A's crime was a serious social crime that damaged the trust of the general public. Three people, including the landlord recruitment plan and the real estate agent who participated in the crime, were also sentenced to three years to six and a half years in prison, respectively.
The court said that the judgment of the lower court, which sentenced A to a heavy sentence, was not unfair by comprehensively considering the motives, means, and results of the crime. In particular, it is noteworthy that the criminal organization was recognized in this case. The prosecution believed that they had systematically committed the crime and applied the crime of a criminal group.
social influence
The case is a serious crime that threatens the stability of young people's housing, and it is causing damage to many people. A Supreme Court official explained that unlike other fraudulent crimes such as voice phishing, criminal group crimes have been applied to charitable fraudulent loan organizations because the case has a large impact on society.
an overview of the case
Mr. A (52) is accused of stealing a total of 14.59 billion won from various banks using youth lease loan products 153 times during the period from July 2020 to October 2022. They committed the crime by writing false lease contracts and recruiting fake landlords and tenants. He exploited the fact that it is easy to get a loan if you have basic documents due to the nature of youth loan products.
a court's judgment
The Supreme Court maintained the original ruling and determined that A's crime was a serious social crime that damaged the trust of the general public. Three people, including the landlord recruitment plan and the real estate agent who participated in the crime, were also sentenced to three years to six and a half years in prison, respectively.
The court said that the judgment of the lower court, which sentenced A to a heavy sentence, was not unfair by comprehensively considering the motives, means, and results of the crime. In particular, it is noteworthy that the criminal organization was recognized in this case. The prosecution believed that they had systematically committed the crime and applied the crime of a criminal group.
social influence
The case is a serious crime that threatens the stability of young people's housing, and it is causing damage to many people. A Supreme Court official explained that unlike other fraudulent crimes such as voice phishing, criminal group crimes have been applied to charitable fraudulent loan organizations because the case has a large impact on society.
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