Law Firm Jinheon | Attorney Seo in seok
Financial Criminal Defense Attorney
Recently, the Suseo Police Station reportedly booked 215 doctors and several brokers on fraud charges in connection with a so-called “working loan” scheme involving the misuse of the Korea Credit Guarantee Fund’s preliminary startup guarantee program. The scheme allegedly involved temporarily inflating bank balances through broker-arranged deposits, obtaining guarantee certificates based on those balances, and then immediately withdrawing the funds. The total amount involved is estimated to be approximately KRW 130 billion.
Such conduct may not merely constitute a questionable business practice or industry custom, but could instead lead to criminal liability involving document-related offenses arising from falsified balance certificates, as well as fraud against financial institutions. In particular, where the amount of the guarantee or loan exceeds a certain threshold, the case may fall under the Act on the Aggravated Punishment of Specific Economic Crimes, exposing individuals to significantly enhanced criminal penalties.
In addition, if business loans intended for hospital establishment were instead used for purposes such as real estate purchases, the execution of the loan itself and the subsequent use of funds may each be treated as separate criminal acts. Investigative authorities are expected to closely examine each individual’s level of involvement, conspiracy structure, and actual use of the funds rather than treating all parties uniformly.
For medical professionals, the consequences extend beyond a criminal record. Under the amended Medical Service Act, even a suspended prison sentence may result in the revocation of a medical license, making early-stage legal 대응 particularly critical.
Read the full column: https://kormedi.com/2813749/
Law Firm Jinheon provides strategic analysis and defense for financial and guarantee-related criminal cases by comprehensively reviewing fund flows, conspiracy structures, and financial institution review procedures.
Law Firm Jinheon | Attorney Seo in seok
Financial Criminal Defense Attorney
Recently, the Suseo Police Station reportedly booked 215 doctors and several brokers on fraud charges in connection with a so-called “working loan” scheme involving the misuse of the Korea Credit Guarantee Fund’s preliminary startup guarantee program. The scheme allegedly involved temporarily inflating bank balances through broker-arranged deposits, obtaining guarantee certificates based on those balances, and then immediately withdrawing the funds. The total amount involved is estimated to be approximately KRW 130 billion.
Such conduct may not merely constitute a questionable business practice or industry custom, but could instead lead to criminal liability involving document-related offenses arising from falsified balance certificates, as well as fraud against financial institutions. In particular, where the amount of the guarantee or loan exceeds a certain threshold, the case may fall under the Act on the Aggravated Punishment of Specific Economic Crimes, exposing individuals to significantly enhanced criminal penalties.
In addition, if business loans intended for hospital establishment were instead used for purposes such as real estate purchases, the execution of the loan itself and the subsequent use of funds may each be treated as separate criminal acts. Investigative authorities are expected to closely examine each individual’s level of involvement, conspiracy structure, and actual use of the funds rather than treating all parties uniformly.
For medical professionals, the consequences extend beyond a criminal record. Under the amended Medical Service Act, even a suspended prison sentence may result in the revocation of a medical license, making early-stage legal 대응 particularly critical.
Read the full column: https://kormedi.com/2813749/
Law Firm Jinheon provides strategic analysis and defense for financial and guarantee-related criminal cases by comprehensively reviewing fund flows, conspiracy structures, and financial institution review procedures.