2

0

General
Posted by jubilantj182 pts Saturday, July 18, 2015

Prosecution demands that former 4men member Kim Young Jae serve jail time for fraud

4men
Former 4men member Kim Young Jae, who was previously accused of fraud, may be serving six years in jail if the prosecution gets their way.


SEE ALSO: Viewers note the stark difference between MAMA venues in the U.S. and Japan



On the 15th, Seoul Central District Prosecutors Office asked the court to sentence Kim Young Jae to six years of jail time for charges of peculating 890,000,000 KRW (~$774,000) from five people under the pretext of raising capital for investment. 

According to prosecution, Kim Young Jae borrowed a total of 895,600,000 KRW (~$779,000) from five of his acquaintances since July of last year up until March of this year. He was reported to have told the acquaintances that the money will go towards "a car warranty and loan service and yacht business," but never returned the borrowed funds. 

As mentioned previously, Kim Young Jae was initially sued back in April by one of the acquaintances identified as 'A', whom Kim Young Jae borrowed 650,000,000 KRW (~$565,000) from and never paid him back the principal or interest. 

Kim Young Jae previously insisted, "I've been borrowing and lending for nine months and paid back the high interest but because I came to a rough patch, I was looking to reach an agreement [with the lenders]," and said, "In no way was it fraud," denying the allegations. 

  1. 4men
  2. KIM YOUNG JAE
0 16,987 Share 100% Upvoted

allkpop in your Inbox

THE TOP 10 STORIES DELIVERED DAILY
misc.
9 hours ago      13,656
BLACKPINK, Rosé
MADEIN
misc.
Lee Soo Man
misc.
9 hours ago      13,656
BLACKPINK, BTS, Lim Young Woong
Dynamic Duo, Choiza, Gaeko
Park Sung Hoon
MADEIN
misc.
9 hours ago      13,656
BLACKPINK, Rosé
MADEIN
BLACKPINK, Rosé
Big Bang, Taeyang, G-Dragon, Daesung
New Message

SEND