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I told you a few months ago that a cosmetics company had been scammed by collecting more than 1 trillion won in investment in a multi-step method. However, as a result of the police investigation, it was revealed that the key people of this company were the main culprits in the J-U case, which was called the biggest fraud case since Dangun.
Correspondent Han Seong-hee.
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In 2006, the J-U group conducted a multi-level fraud of 4 trillion won.
At the time, the prosecution defined it as 'the biggest fraud case since Dangun' and conducted an extensive investigation, and the executives including Chairman Joo Su-do were arrested.
Joo is still in prison, but the remnants have again staged a large-scale fraud.
Ash7, a cosmetics company that has grown rapidly in recent years, by collecting investment in a multi-step method.
However, it turned out to be a Ponzi scam, and the damage alone is estimated at 1.2 trillion won.
However, as a result of the police investigation, it was determined that about 10 key suspects were from J-U.
[Ex-Ash7 executive: 'I am the key person of JU', boasting, 'No one can restrain me', 'We are not restrained', shouting loudly... .]
They even set up a secret organization on the fourth floor of the headquarters building and illegally solicited investments, but distribution and sales staff did not even know it existed.
After raising money for 7 years, they held an emergency meeting in August of last year and discussed 'Let's stop now'.
[Ex-Ash7 executive: When the chairman asked to stop the multi-level fraud case, the general managers were trying to find their principal, to go to the main office…
.] The
police imposed additional collection and confiscation of 40 billion won worth of real estate they bought, and sent 64 people, including the arrested representative, Mr. Eom, to the prosecution.