An employee of the Korea Advanced Institute of Science and Technology (KAIST), who purchased and cas..

An employee of the Korea Advanced Institute of Science and Technology (KAIST), who purchased and cashed tens of billions of received value of reward certificates with a faculty company card, was sentenced to jail.

On the twenty second, the thirteenth Criminal Department of the Daejeon District Court (Chief Judge Jang Min-kyung) sentenced A (40), an employee of KAIST, to 3 and a half years in jail on expenses of violating (defying) the legislation on the aggravated punishment of sure financial crimes and fraud.

Mr. A is accused of inflicting a complete of 895.2 billion received in damages to the company by buying 10.96 billion received value of reward certificates on the Internet website with company playing cards on a complete of 6,332 events from 2022 to final yr and then promoting them again to make use of them in money or protecting them with the beforehand purchased reward certificates.

He can be accused of personally spending the cash he purchased and offered reward certificates value 10.89 million received with company playing cards 29 occasions and filling out and submitting an software for cost as if it have been a reliable work expenditure.

The court docket identified, “For more than three years, we have taken a total of 899.52 million won in property profits and committed malpractice that causes the same amount of damage to corporations,” including, “The defendant’s guilt is very heavy considering the crime method, duration and scale of damage, such as submitting a false payment application and taking property benefits.”

“However, the sentence was decided in consideration of the fact that the defendant admitted and reflected on his crime and that he was a first-time offender with no criminal record,” he stated. Reporter Lee Tae-hee in Daejeon