Actress's husband convicted of financial fraud

By Park Si-soo

Choi Jung-woon and Yoon Tae-joon / Captured from TV program

The husband of actress Choi Jung-woon has been convicted of fraud, the court said Thursday.

Seoul Southern District Court sentenced Yoon Tae-joon to 18 months in prison and fined him 500 million won ($442,400) for violating the Capital Market Law.

The court also ordered the forfeiture of ill-gotten gains of 418 million won. The court suspended Yoon’s prison term for three years because he had no criminal history.

“He committed a grave crime of spreading false information using his personal network and influence, which ended up with stock investors sustaining unexpected losses,” said Judge Shim Hyung-sup.

According to court documents, Yoon was appointed CEO of a fashion house’s cultural content division. He then distributed press releases containing false information to inflate the stock price.