Tuesday, September 19, 2017

Jung Woo Sung involved in investment fraud.

An appeal court overruled the brother to a film writer who was handed over to court for allegedly intercepting a large sum of money in the name of the actor Jung Woo-sung (44).
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The TV station writer Mr.Park Moo was indicted on charges of violating the laws on crime, punishment of the special economic crime was sentenced to five to seven years in prison.The court said, "Mr. Park has deceived himself by using his acquaintanceship and career as a broadcasting writer to earn huge profits even though his business is not doing well. He also said," I am guilty of losing KRW$15.4 billion won in stock investments or private equity funds."

"Some of the victims are suffering great psychological and economic damages such as falling into the crisis of family dismantlement," he said.


However, "a part of the damage has been recovered so far," he said. "I am also responsible to the victims who tried to gain high profits in a short period of time." Park was handed over to the court on charges of taking KRW$7 billion from actor Jung Woo-sung and his acquaintances for the investment of a rich conglomerate private equity fund.

From January 2009 to August 2009, Mr. A has been charged 75 times with a business investment of KRW$5,137 million won.

The first trial court sentenced Park to five years in prison, saying, "If the business was not operating normally, he would have used up to 15.4 billion won worth of money by using a network of writers and personal friends." Park made his debut as a  drama writer in 1993 and wrote many famous dramas and has been running various businesses such as underwear company, publishing company, and production.


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