Jeong Jeong-jo's father also in prison for fraud (South Korea)

Following his daughter, Jeong Jeong-jo, who is currently serving a prison sentence for fraud, the father was also sentenced to prison for the same crime.
The prosecutors' office announced yesterday that it had sentenced Jeong Chang-soo (61), who was arrested and indicted on charges of violating the Act on Aggravated Punishment of Specific Economic Crimes, etc. (fraud), to five years and six months in prison.
The defendant, Jung Chang-soo, who ran a real estate development company, bribed the victim, whom he met while brokering a real estate purchase and sale contract, six times between February and June 2018, totaling 1.61 billion won.
He was indicted on suspicion of stealing approximately 180 million yen (approximately 180 million yen) from the suspect, as well as theft of a mobile phone during his time on the run.
Defendant Chung told the victim, who was to lend funds to a company to set up a factory, that "the startup loan will be available if you send the money to an individual."
It was discovered that he had received the money in his personal account after deceiving the victim by saying that it would be easier to get financial support. After that, he cut off contact with the victim and disappeared, and it is understood that he used up all the money on gambling and business.
After five years on the run, Jeong was arrested by police on December 25 last year after breaking into a recruitment agency in Boseong, South Jeolla Province, and stealing a mobile phone.
The court reprimanded, "The damages amount to more than 1.6 billion won, and the perpetrator cut off contact with the victim and disappeared after the crime, making the crime heinous." It also said, "No effort has been made to redress the damages, and the victim has been left in the dark."
The reason for the sentence was decided after taking into consideration the fact that he was not forgiven by his superiors and that he was not given any public recognition.
He was sentenced to 12 years in prison in the first trial for stealing over 3 billion won from victims under the pretext of overseas unlisted stock investment funds, under the guise of "secret investment opportunities."
The prosecution has appealed the ruling. Meanwhile, the prosecution has requested the police to reinvestigate the case of former South Korean national fencing representative Nam Hyeon-yi (43) for allegedly being complicit in the Jeong Jeong-jo fraud.
Victims of these frauds viewed Nam as an accomplice and filed a complaint against him for aiding and abetting fraud, but the police have cleared him of all charges.