Prosecutors Recover Additional 2.28 Billion Won in Forfeiture from Optimus Fund Fraudster Kim Jae-hyun

The Seoul Central District Prosecutors' Office announced on July 16 that it has recovered an additional 2.28 billion won out of the 75.17 billion won in forfeiture ordered against Kim Jae-hyun, the former CEO of Optimus Asset Management and the mastermind behind the 1 trillion won Optimus fund fraud case.
Kim was indicted on charges including violation of the Act on the Aggravated Punishment, etc. of Specific Economic Crimes for raising approximately 1.3 trillion won from investors between 2018 and 2020 under the pretense of investing in public institution accounts receivable, only to use the funds to acquire non-performing bonds and run a Ponzi scheme. In 2022, the Supreme Court finalized his sentence of 40 years in prison, a 500 million won fine, and a forfeiture of 75.17 billion won.
In December 2020, the prosecution took measures to preserve for forfeiture 2.85 million unlisted shares of Company A, which Kim owned under the name of a shell company, and has since received the proceeds from the sale of those shares.
To date, the prosecution has recovered a total of 21.66 billion won by tracking down and seizing assets including Kim's real-name-concealed investments, resort memberships, and a jeonse deposit held in his wife's name.
The recovered funds are considered criminal proceeds and will be returned to the victims of the crime in accordance with relevant laws.
(Photo: Yonhap News)
※ Please note: This article was translated by AI and may contain errors.