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Police caught a gang that stole more than 30 billion won in deposits by using 400 so-called 'can chartered' villas in the metropolitan area, including Seoul.
The Seoul Metropolitan Police Agency's Financial Crimes Investigation Unit arrested eight people, including Mr. A, in his 30s, a rental business owner who committed charter fraud in Seoul and other places from September 2018 to last April, and said that the main culprit, Mr. A, was arrested.
Mr. A established a business in June 2018 and started buying things that can be 'simultaneous progress' among new low-cost new villas with high rental demand.
'Concurrent progress' is a method of purchasing the villa with the deposit received from the lessee after signing a villa charter contract with the lessee in the absence of capital.
It has been confirmed that the party systematically bought the villa by dividing roles such as searching for a property, recruiting tenants, and organizing contract documents.
A total of 413 villas, 118 victims, and a deposit of 31.2 billion won were purchased in this way.
However, it is said that Mr. A is unable to return the deposit to the victims due to arrears of over 7 billion won in taxes.
In addition, it has been confirmed that Mr. A's party has obtained a total of 3.5 billion won in illegal profits from the building owner and sales agent in the name of sales commission.
The police believe that Mr. A and his gang intentionally and repeatedly bought a large number of villas in order to steal tenant deposits and receive kickbacks, and are continuing to investigate whether they are accomplices.