Son of LCT Chairman Sentenced to Prison for 3.2 Billion Won Fraud Involving 'Supreme Court Justice Solicitation'

The son of the actual owner of LCT, a large residential and commercial complex in Busan, has been sentenced to a heavy prison term in the first trial for swindling 3.2 billion won under the pretext of soliciting a Supreme Court justice.

The Seoul Central District Court sentenced the defendant, surnamed Lee, to 12 years in prison on charges including fraud under the Act on the Aggravated Punishment, etc. of Specific Economic Crimes.

His accomplice, surnamed Kim, was sentenced to 8 years in prison.

Lee is the son of Lee Young-bok, chairman of Cheongan Construction, the actual owner of the LCT developer.

The court found all charges guilty, stating that considering the victim's consistent testimony provided to investigative agencies and in court, Lee's deceptive actions were clearly established.

Furthermore, the court rebuked them, saying, "This case carries the risk of causing public distrust in the judiciary, so the nature of the crime is extremely grave, and severe punishment is inevitable."

Lee and Kim were indicted in January on charges of swindling 3 billion won from a victim who operated a cryptocurrency service company. The victim had lost a first-instance lawsuit regarding an injunction against obstruction of business related to coin issuance, and the pair promised to help the victim win the appeal.

Investigations revealed that they demanded approximately 3 billion won by emphasizing that Lee was the chairman's son and claiming that they could "win the trial by soliciting the appellate judge through a Supreme Court justice."

Lee is also accused of receiving an additional 200 million won from the victim under the pretext that he needed to solicit a high school classmate of a judge.

Previously, Lee was indicted in a separate case for swindling 3.2 billion won in 2020 by falsely promising exclusive rights to LCT sales agency, and he received a suspended prison sentence in the second trial in July last year.

Reported by Jung Da-eun | Video by Lee Da-in | Graphics by Lee Soo-min | Produced by SBS Digital News
※ Please note: This article was translated by AI and may contain errors.