Kim Jae-hyeon, CEO of Optimus Asset Management (Optimus), was sentenced to 40 years in prison in the second trial, who was charged with fraudulent funds worth KRW 1 trillion. The sentence is significantly longer than that of the first trial, and it is the longest sentence ever among fraudsters.
The 5th Criminal Division of the Seoul High Court (Chief Judge Yoon Kang-yeol) broke the first trial sentenced 25 years in prison to CEO Kim, who was charged with fraud under the Act on the Aggravated Punishment of Specific Economic Crimes, on the 18th, and was sentenced to 40 years in prison, a fine of 500 million won, and a fine of 75.175 billion won. sentenced to Dong-yeol Lee, the second-largest shareholder of Optimus, who was also indicted, was sentenced to 8 years in prison and a fine of 300 million won in the first trial, but the level of punishment increased to 20 years in prison and a fine of 500 million won in the second trial.
The court said, “It is a mega-scale financial fraud that has been operating private equity funds for over three years and defrauded an astronomical amount of over 1.34 trillion won in the name of public institution trade receivables investment.” We have to live,” he said.
From June 2017 to June 2020, CEO Kim and others were judged on the charge that they received 1.31 trillion won investment from 3,000 people and actually used it to take over bad debts, saying that it is a “very safe product to invest in public institution trade receivables, etc.” have received The amount of money that investors did not get back reached 554.2 billion won.
Reporter Sang-Jun Park [email protected]