Lexington man going to prison after stealing millions from employer, prosecutor says
A Lexington man was sentenced to two years in federal prison after pleading guilty to wire fraud, the U.S. Attorney’s Office said Tuesday.
Sung Wook Kim, also known as Paul, used a position of trust to defraud his employer, fabricating three contracts with one of the company’s clients and fraudulently signing documents related to those contracts, the U.S. Attorney’s Office said in a news release.
The 36-year-old Kim worked at the Newberry location of Nexien Inc., a staffing solutions company based in New Jersey, the Index-Journal reported. In 2016, Lee was promoted to general manager of Nexien’s Samsung Electronics Home Appliances America LLC unit, according to the news outlet.
Relying on Kim’s fraudulent contracts, Nexien spent $2,918.962.48, the U.S. Attorney’s Office said.
Kim also made $139,250 in bonuses and increased pay as a result of the fraudulent contracts, according to the release.
There was no word what Kim did with the money.
Evidence additionally showed that Kim falsely reported his qualifications to Nexien to get hired, the U.S. Attorney’s Office said.
Kim’s prison sentence will be followed by a 3-year term of court-ordered supervision, according to the release. There is no parole in the federal system.
Kim was ordered to pay $2,918,962.48 in restitution and entered a forfeiture judgment of $139,250, the U.S. Attorney’s Office said.
BEHIND THE STORY
MOREThis is a breaking news story
In a breaking news situation, facts can be unclear and the situation may still be developing. The State is trying to get important information to the public as quickly and accurately as possible. This story will be updated as more information becomes available, and some information in this story may change as the facts become clearer. Refresh this page later for more updated information.
This story was originally published August 30, 2022 at 4:26 PM with the headline "Lexington man going to prison after stealing millions from employer, prosecutor says."
