Charity workers caught allegedly embezzling 12 billion won

/ Courtesy of Seoul Metropolitan Police Station

By Chyung Eun-ju, Park Si-soo

Two charity workers face arrest for allegedly embezzling over 12 billion won ($10.5 million) donated to help underprivileged children.

They are said to have spent the money buying houses, taking luxury overseas trips and on high-end cars, according to Seoul Metropolitan Police Station.

The two are founders of charity organization “New Hope Seeds.” Establishing the charity in 2012, they collected 12.8 billion won from 409,000 donors over three years. Police said they used only 200 million won for good causes and misused the rest.

They are expected to be charged with habitual fraud and embezzlement.