-If you only lend your name, the temptation to’guarantee monthly fixed income’ without incidental costs… At least 105 vehicles damaged
-Entertainment contacts, cash bundles, expensive watches… The trick of the’man’ who deceives investors
The age when the standard interest rate is less than 1%. A proposal has been made to guarantee an annual interest rate of 12% if only the name is lent. Choi Ho-cheol (pseudonym) received such a proposal in January 2019. The other party said that they received a loan in the name of Choi, bought a used luxury car, and turned it into a rental car. He said he would give 1% of the investment every month, and he would pay the installments, taxes, and other expenses incurred by buying a car. At first glance, it was a good deal for Choi. Choi purchased two luxury cars as the other party suggested. A total of 242 million won was made in advance of Choi, but Choi was proud. Even though it didn’t take much effort, it was because more than 2 million won per month came into the account.
But happiness didn’t last long. The money that had been coming in every month decreased, and within a year or so, the promised money started not being deposited. The monthly installment payment of over 5 million won was returned to Choi’s burden. I tried to get the car back, but now only the excuse that I can’t give it came back. Choi personally went to find a car. More than a year later, Choi found her car in the wrong place. Last winter, it was a villa in Seoul where the parking accident occurred.
The person who owned Mr. Choi’s car was Mr. Hong (pseudonym) of’Chicken Man’. Above Mr. Hong was Mr. Kim,’Big Boss Man’. He was the person who made an investment proposal to Choi. Kim, who called himself the first generation of private rental business. He introduced himself as a former manager of actor Wonbin, and said that he always showed off his celebrity contacts and his own financial strength. Big Boss Man Kim, who started a private rental business in 2017, centering on the Janganpyeong used car market, the largest in Korea. After years of business, his garage was filled with luxury cars. His wealth was raised by investors like Choi, who were struggling with fixed income. Only 105 vehicles were damaged, as confirmed by the PD notebook.
“It’s more about profits than what kind of car you choose.” According to the victims, the Big Bossman gang said that they would choose a car and run a rental on their own. After preventing investors from getting involved, the Big Bossman gang made their own advantage. It started with buying a vehicle. By inflating the price of the car as much as possible, the party paid for it without knowing the investor. In the first place, since there was little intervention in the purchase of the vehicle, it was difficult for the victims to even determine the condition of the car in their own name. Used car boss, capital employee in charge of lending, and Big Bossman’s crew. All but the investor (victim) was a structure called a pocket.
While the damage continues, the Big Boss Man is not properly punished. ‘Chicken Man’ Hong, who worked as a close friend of Big Bossman, revealed that the police were behind. At the direction of Big Boss Man Kim, he also bribed the police himself. In fact, the Big Bossman offered vehicles as bribes to the police four times from 2014 to 2019. One of the people who received the car was the head of the economic team at the Namyangju Southern Police Station at the time. It belonged to the jurisdiction of the Big Boss Man’s address. Another employee who had worked with the Big Boss man also said, “I ride the line with one policeman,” and said, “If (Big Boss Man) is involved in a crime, all charges are innocent, and prosecution is suspended.” Until now, 20 cases related to Big Bossman have been filed in Namyangju, but 6 of them have been sent as prosecution opinions, 7 cases have been dismissed, 2 cases have been rejected, and 1 case was rejected.
While the word’let’s sue the Big Boss Man’ is booming in the industry, investors who have been tempted by his proposal are now difficult to even expect vague. While the victim is accumulating the damage, another big boss man is also emerging. Personal rental scams that do not get caught in the law, the PD notebook’Super Cars and Guys’ will be aired at 10:40 pm on the 16th.
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