Kim Jae-hyun, former CEO of Optimus, added 8 months to conceal criminal proceeds.

Kim Jae-hyun, former CEO of Optimus Asset Management, who is imprisoned for fraud in selling funds worth 1 trillion won, received an additional eight months in prison on separate charges of hiding criminal proceeds.

The Seoul Central District Court sentenced former CEO Kim to eight months in prison today (20th) on charges of violating the Crime Profit Concealment Regulation Act.

When the investigation by the state agency began, the court judged that Kim concealed the proceeds of the crime in the name of preserving the family's residence, and that the guilt was very heavy.The former CEO of

Kim was put on trial for concealing the proceeds of the crime by pretending to have been legally purchased after acquiring a specific real estate with funds from related companies of Optimus.

Meanwhile, Lee, who was handed over to trial on charges of helping former CEO Kim commit the crime, was sentenced to six months in prison and two years of probation.Former CEO Kim

was sentenced to 40 years in prison by the Supreme Court in July last year on charges of collecting 1.3 trillion won in investment to take over bad loans and preventing funds from returning, saying he was investing in accounts receivable from public institutions for nearly two years from April 2018.

In January, he was sentenced to an additional three years in prison by the Supreme Court on separate embezzlement charges.