Prosecutors Seek 35-Year Sentence for Woman in Multi-Billion Won Apartment Fraud Case

Prosecutors have asked a court to impose a 35-year prison sentence on a woman in her 40s accused of defrauding acquaintances of tens of billions of won by promising them opportunities to buy apartments at below-market prices. The Seoul Southern District Court's Criminal Division 14 heard the final arguments in the case against Ms. Park, who faces charges including fraud under the Act on Special Cases Concerning the Punishment of Specific Economic Crimes.

“

The amount is quite large for fraud committed by an individual, and there are many victims. The victims perceive this as a very serious crime, and their losses have not been recovered or settled.

The prosecution argued for the severe sentence, stating, "The amount is quite large for fraud committed by an individual, and there are many victims." They added, "The victims perceive this as a very serious crime, and their losses have not been recovered or settled."

Ms. Park's defense attorney acknowledged her remorse and ongoing efforts to compensate victims. "She admits to the crime and is deeply remorseful. She is working to compensate at least part of the damages," the lawyer said. "Considering she has no prior criminal record and is raising minor children, we ask for one chance at rehabilitation."

“

She admits to the crime and is deeply remorseful. She is working to compensate at least part of the damages. Considering she has no prior criminal record and is raising minor children, we ask for one chance at rehabilitation.

Ms. Park herself briefly stated, "I regret my wrongdoing." Her defense team requested a postponement of the sentencing to allow for the consolidation of other cases and further victim compensation discussions. However, the court did not grant this request.

“

I regret my wrongdoing.