Breaking News Jeon Cheong-jo, who was sentenced to 13 years in prison in the second trial for "frauding impersonation of conglomerate."

Photo Source: Yonhap News

Jeon Cheong-jo, who impersonated a third-generation chaebol and committed investment fraud worth billions of won, was sentenced to 13 years in prison at the appeal trial.

The Seoul High Court today (21st) reversed the original trial, which sentenced Jeon, who was charged with fraud, to 12 years and 4 years in prison, respectively, and sentenced him to a total of 13 years in prison.

The court revealed the reason for the ruling, saying that Jeon's criminal method is very poor and the risk of recidivism is high.

At the final hearing at the end of last month, the prosecution asked the court to sentence Jeon to 20 years in prison.

Earlier, Jeon was sentenced to 12 years in prison in the first trial after being arrested and charged in February,
In September, he was sentenced to an additional four years in prison after being additionally indicted on charges of assaulting and intimidating the nephew of Nam Hyun-hee, a middle school student of the former national fencing team,
.

Jeon is accused of stealing about 3.5 billion won in the name of investment from 35 people he met while giving lectures from April last year to October last year.