South Korea's second largest bank faked 18 billion won in loans! Bet All-In on Cryptocurrencies

According to a report by the Korean media "News 1" yesterday (8th), an employee of South Korea's second largest commercial bank "Woori Bank" forged loan documents and embezzled 18 billion won (approximately NT$423 million) from the bank without authorization ) was arrested. Surprisingly, after inspection by the prosecutor, the purpose of this employee was to use these funds to invest in cryptocurrency...

Misappropriated 18 billion funds

The report pointed out that from May to July last year, the employee made a total of 35 times. 17 companies and individuals forged loan documents in the name of Woori Bank, applied for false loans, and then transferred the funds to the accounts of acquaintances, obtaining a total of 17.77 billion won.

In addition, from July to September last year, he obtained 220 million won by deceiving two loan customers, falsely claiming that he "needs to temporarily withdraw the deposited loan funds to complete the remaining loan process."

"News 1" pointed out that the reason why the employee was able to successfully complete these actions was that, on the one hand, he served as the corporate loan manager of Woori Bank and had certain approval authority; on the other hand, it was the bank's supervision and review system It was not perfect, so he took advantage of it.

Invest 15 billion won in cryptocurrency

After police investigation, it was discovered that the employee’s ultimate purpose was to embezzle huge sums of money at risks. Except for a small part to repay debts and living expenses, he used all 15 billion won to invest in cryptocurrency. At present, prosecutors have confiscated the remaining 180 million won in cash from his residence and frozen his bank deposits and funds converted from virtual assets, totaling 4.5 billion won.

I don’t know whether to call it lucky or unlucky. If the employee did buy all these funds in spot form from May to September last year and holds them to this day, the huge amount of money has doubled, which is much higher than the bank’s. Deposit income.

However, the prosecutor has not yet disclosed details about his crypto investments. Which cryptocurrencies he has invested in specifically and what his profits and losses are? It is also unclear. However, investing more than 80% of his illegal gains in cryptocurrency may not only indicate that he has a big heart, but may also be preparing for his future escape.

The above is the detailed content of South Korea's second largest bank faked 18 billion won in loans! Bet All-In on Cryptocurrencies. For more information, please follow other related articles on the PHP Chinese website!