The head of a money-laundering ring indicted on charges of converting proceeds from voice phishing into virtual assets was sentenced to prison.
According to legal sources on the 18th, the 11th Criminal Division of the Daegu District Court (Presiding Judge Lee Young-cheol) recently sentenced A, in her 40s, who was indicted on charges of violating the Special Act on the Prevention of Loss Caused by Telecommunications-Based Financial Fraud and Refund for Loss, to five years in prison, and sentenced accomplice B, in his 30s, to two years and eight months in prison.
From August to October 2024, A is accused of receiving a request from an overseas voice phishing member to launder money and converting about 1.443 billion won, which flowed into so-called shell accounts, into virtual assets.
The court found that the defendants committed the crimes under an organized and systematic division of roles. The court said, "They defrauded an unspecified large number of people of property benefits through meticulous and deceptive methods," and noted, "There is also no sign they tried to make restitution," in explaining the sentencing.