The suspect, Chung Chung Cho, who ”lived with IU,” even did this? ... Also, the fraud situation revealed

The suspect, 28-year-old Chung Chung Cho, who was indicted on suspicion of committing a multibillion-dollar investment scam by falsely claiming to be a third-generation conglomerate member, also flaunted his fake friendship with singer IU (Aiyu).

This situation came to light when Mr. A, a nephew of Nam Hyun-hee (43), a former national fencing champion and Mr. Chung's second marriage partner, appeared as a witness at the fourth trial for the alleged fraud of Mr. Lee (27), who served as a security guard for Mr. Chung, held on 24th in the Criminal Proceedings Division 11 (Chief Judge Kim Byung-chul) of the Eastern District Court in Seoul. A said that he and Mr. Lee were introduced by Mr. Nam.

According to The Fact, on the same day, Mr. Lee's defense attorney asked Mr. A if he had ever mentioned that (inmate Chung) was in a relationship with IU, a famous singer, and that he was going to move into the apartment where IU lived. To this, Mr. A replied, "I only heard that (the apartment mentioned) was an expensive apartment, in the 30 billion won range, and that if I paid in advance I could get a 10% discount and save 3 billion won.

The defense attorney for defendant Lee also said, "Mr. Chung is very close to the suspect Lee (IU). Mr. A asked, "Are you aware of the fact that Mr. Nam and Mr. Nam's daughter instructed you to buy tickets for IU's concert vip seat because she likes IU and will bring her to the Aiyu concert vip seat?" Mr. A replied, "He said that you cannot check-in for a famous celebrity's concert by cell phone and told me to go to where I can do it.

Mr. Nam also stated during the police investigation that Mr. Chung had dated IU and flaunted his celebrity connections. Taken together, it is suspected that Mr. Chung flaunted his celebrity contacts and even used IU's name in an attempt to commit fraud.

The suspect was detained and indicted last November on suspicion of fraud, forgery of official documents and exercise of forged official documents, and forgery of private documents and exercise of forged private documents under the Act on Aggravated Punishment for Specified Economic Crimes. According to the prosecutors, there were 27 victims who were defrauded by the suspect, and he is suspected of defrauding them of more than 3 billion won (about 326 million yen) under the guise of investment money.

The suspect, who is believed to be the head of the Chung suspects' security guard, is suspected of knowing the true identity of the Chung suspects but assisting them in their fraudulent activities by soliciting them to invest, while acquiring approximately 200 million won (approx. 21.7 million yen) of the fraudulent money.

Mr. Nam has also been charged by the police as an accomplice to Mr. Chung's fraud and is currently being interrogated. A face-to-face interview is scheduled to take place on the 26th. Mr. Nam, while denying the allegation of being an accomplice, said on the 16th, "I'm so frustrated that I'm going to disclose all the evidence I've submitted to the police.