[Exclusive] 'Cheongdam-dong Stock Rich Guy' says he 'became a golfer' during fraud trial... Ultra-luxurious life: Nate News
Mr. Lee Hee-jin, the 'Cheongdam Stock King'
Paid the full penalty of 12.26 billion KRW in September 2024 for stock investment fraud charges, etc.
This time, he didn't touch stocks, he got his hands dirty with coins (cryptocurrency).
He issued and listed multiple scam coins, used fake promotions, and manipulated market prices,
and was detained and indicted again in September 2023 for allegedly swindling 89.7 billion KRW from over 40,000 victims.
Currently, about 27 billion KRW of his assets have been frozen again.
What's shocking is the assets the prosecution froze.
At the time, the Southern District Prosecutors' Office froze 5 pieces of real estate owned by Lee through shell corporations (including buildings in Cheongdam-dong, Gangnam-gu, residences/land in Jeju and Gyeonggi-do) plus one golf course membership.
According to the prosecution records obtained by Nocut News, Lee’s total assets as of September 2023 are estimated to well exceed 50 billion KRW.
The wealth he amassed in just 3 years and 6 months since his release is enormous.
His money is like a spring that never runs dry.
The guy who rose to fame as the 'Cheongdam Stock King' still lives in a super high-end apartment in Seoul.
This 90-pyeong penthouse he lives in is near Lotte World, an all-around top-tier luxury apartment.
According to nearby realtors, the place Lee lives in is so expensive that sales aren't frequent, but based on current market prices, the estimated sale price is around 6.5 to 7 billion KRW.
The victims of his stock fraud, and those claiming damage from his coin fraud, are barely hanging on, trying to survive their ruined lives day by day.
A society witnessing delayed justice—or perhaps, twisted justice—at every moment.
Maybe that's why fraud cases hit an all-time high last year.
He owns officetels and villas through shell corporations where his spouse, brother, father-in-law, etc., hold shares.
There is actually no real estate registered under Lee's own name.
Of course, a significant portion is under preservation for forfeiture.
Lee has been on trial for over 2 years now.
Lee, who frequents court as a defendant in a coin fraud case, recently passed the practical test to become a teaching pro golfer.
A celebration party was even held to commemorate him passing the teaching pro golfer practical test.
The location is presumed to be a lounge owned by the luxury brand 'Chanel'.
He also started a family.
He married A (a former girl group member) at a Gangnam hotel in Seoul on December 25, 2021.
Lee has two children.
It's reported that his child attends a famous English kindergarten that costs nearly 2 million KRW a month in tuition.
Lee was sued again last May for another fraud charge.
The plaintiff is B, who once ran a coin company with Lee.
While the trial and investigation drag on,
While Lee enjoys massive wealth, steadily approaches his dream of becoming a 'pro golfer,' and builds a happy family,
the lives of the illegal stock investment victims from 10 years ago and those claiming damage from coin fraud are still walking a thorny path.
"This guy got out of jail, made two more scam coins, got a pro golf certificate, married a K-Pop idol, and everyone else is just wondering why they bothered being honest."
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