Police have arrested a group of people who stole 10 billion won worth of lease deposits through the gap investment method.
The Jeonbuk National Police Agency arrested two people, A in his 40s and B in his 50s, a real estate agent, on charges of fraud, and arrested 17 borrowers and real estate agents.
Mr. A and others are accused of buying 19 construction villas under borrowed names in the Jeonju area from July 2020 until recently, and pocketing a total of 17.3 billion won from 235 victims as a deposit for lease on a deposit basis.
They were found to have committed crimes mainly against young people with little social experience by showing some illegally remodeled rooms like model houses.
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