Hyun Young / Photo = Seoul Economic Star DB
Broadcaster Hyun-young was suspected of being involved in a 60 billion won mom cafe gift certificate fraud case.
On the 11th, Dispatch reported that Hyun-Young is a broadcaster involved with Mom Cafe operator A, who was arrested and indicted last month for violating the Act on the Aggravated Punishment of Specific Economic Crimes (Fraud) and the Regulation of Similar Receiving Acts.
According to the report, Hyun-young lent a total of 500 million won to Mr. A from April of last year. She was paid 35 million won (approximately 7%) per month in interest for 5 months. She did not receive the remaining 325 million won. Hyun-young sued her Mr. A for fraudulent borrowing, and on the 27th of last month, the Incheon District Prosecutor’s Office 5th Division (Director Prosecutor Seong-min Park) charged her Mr. A with violating the Act on the Regulation of Fraud and Similar Receiving Acts under the Special Economic Crimes Aggravated Punishment Act. arrested and charged
Some say that it is difficult to see Hyun-young as a pure victim. According to Article 2 of the Interest Restriction Act, the maximum interest rate must not exceed 20% per year. Violation of this can result in a year in prison or a fine of up to 10 million won. The 7% monthly interest Hyunyoung received is more than four times higher than the legal maximum interest rate. In terms of annual interest, it is 84%.
In addition, there is a suspicion that Mr. A used Hyun-young for fraud. Mr. A showed the deposit details text message sent by Hyun-young, bought the members’ trust, and reassured the members that “‘Queen of Finance’ invests.”
Regarding this, Hyunyoung’s agency, Noah Entertainment, is consistently silent.
Mr. A is accused of stealing 14.2 billion won from 61 members from November 2019 to September last year. In addition, he is also accused of receiving approximately 46.4 billion won from 282 people (act of importing money in the name of deposits, installment savings, installments, deposits, etc. under a promise to pay the full amount of the principal or an amount exceeding it).
