Scammer Kim Woo Choong

Fraudster Kim Woo Choong

Details
Name:	Kim Woo Choong
Other Name:
Born:	1933
whether Dead or Alive:
Age:	88
Country:	Japanese
Occupation:	Banker
Criminal / Fraud / Scam Charges:	Securities fraud, investment advisor fraud, mail fraud, wire fraud, money laundering, false statements, perjury, making false filings with the SEC, theft from an employee benefit plan
Criminal / Fraud / Scam Penalty:	150 years in prison, forfeiture of US$17.179 billion, lifetime ban from securities industry
Known For:

Description :

Kim Woo Choong

Kim Woo Choong was the former chairman and founder of the ‘corporate tycoon Daewoo’ of South Korea until its collapse in the year 1999. Choong showcased himself as the pioneer of transforming bankrupt companies into successful ones.“Daewoo's claims later collapsed in the year 1999 due to its liabilities and the expose of accounting fraud&rdquol;. Kim Woo Choong apologized to the South Korean Republic for his actions and pleaded guilty. He was sentenced for 10 years to his frauds and was later released after 8 and half years due to ill health.

« Previous Next Fraudster Salvatore Cacciola »