Chapter 20
CHAPTER 20
Best point after money created is point not having to consider price when buying or eating something.
"This pretty right?"
Showing item to mother.
"Oh my, really beautiful."
If reaction positive.
"Pack this too."
Just buy. Could call overconsumption. But so what if overconsumption? Reason earning money wasn't to save but to enjoy abundant life. That abundance had to be enjoyed with family right next too.
"Son, how about this?"
"Perfect for mother? Europe might be hot depending on region, so take that too. Put this in too."
"Yes, CEO."
Department store shopping was smooth. Dedicated employee attached and packed all products. Reason such service possible was thanks to card issued from Hanbit Bank. VIP exclusive card known to world as so-called Black Card. Limit didn't exist and could use various additional services too.
"Son, didn't spend too much today?"
"Okay. As said last time earn well now, don't have to worry."
Mother didn't worry big like before at such shopping. Gifted house and use hospital VIP treatment too plus person accompanying in such department store appeared so seems expected to some extent. Fact that son became different from past.
"I enjoy luxury thanks to my son."
When hearing such words earning money came as big joy.
"Come shopping often in future too."
"Mom likes too much."
Appearance laughing brightly was mother like girl.
Next day. Gang-hyeon received a call.
"Ah, I am residing in Daeseong Villa 201..."
Didn't like tone. But pressed anger since didn't request call to pick fight.
"Son."
"Contacted because deposit return is delayed."
"Didn't negotiate on condition receiving deducting 10 percent of deposit as penalty clearly?"
"Negotiated by call right?"
Phone cut off.
"Ha..."
Absurd. Not remembering negotiated content.
If by any chance can wait until contract period ends but...
Contract period remained only 4 months forward. Revealing intention not to renew contract in a month and receiving deposit back after 3 months passed was enough. Villa would be empty, but not big problem.
Coming out in this way is somewhat uncomfortable. Considering remaining period paying 10 percent penalty and terminating contract is much benefit, coming out in this way.
There was part catching something. Problem was point no particular knowledge in real estate side.
Should request help to expert for such thing.
Just in time knew real estate expert too.
Cheongdam Real Estate where Kim Mi-ju is representative. Gang-hyeon was sitting there. In front of him Kim Mi-ju, owner of real estate, was calling.
Did I ask needless favor?
She was very enthusiastic. Contacting all acquaintances knowing and finding information. After finding information like that she reached one conclusion.
"This seems like Jeonse fraud listing."
"Jeonse fraud?"
"Yes. Owner of item mother is staying comes out as corporation not individual. Looked into real estate possessed by that corporation, 140 units."
"140 units? Is that possible?"
"Sufficiently possible. Plus real estate possessed are all villas near mother's house. That too not acquired by normal method but seems acquired utilizing Gap investment."
"If Gap investment..."
"Method receiving 90 million won Jeonse deposit of 100 million house and putting in only 10 million capital and purchasing. Purchasing like this even if buying 10 houses of 100 million only need 100 million."
"Practically house price is 1 billion and captured as asset. Utilizing that receiving loan can buy house again."
"Accurate."
Understanding basic mechanism, problem of this was seen too.
"Houses of this method highly possible to become default practically if interest rate rises even a little right?"
"Case that becomes problem is many. Especially if corporation item almost no way to receive back if bankrupt."
Seemed to know now why said Jeonse fraud. Corporation possessing several villas and those all concentrated in one region. Kim Mi-ju seeing such pattern often concluded this as Jeonse fraud.
"Have to check collateral of possessed listings, but first mother's house high possibility Jeonse fraud listing."
"Mother must have checked such part..."
"Even if ordinary person checks there are many ways to bypass that. Simply can execute loan after mother checks collateral. Ways to deceive are infinite."
Commonly if scammed there were people saying person scammed was careless. But no person scammed because careless. Scam was suffering even being careful and careful again.
"Then why did they say would return Jeonse deposit?"
"Case moving as corporation high possibility having employee. Employee knowing nothing says giving 10 percent so said okay for now then grasped situation unable to return later. In this case mostly Jeonse fraud might be imminent."
"Mmm..."
Opponent tries to scam. That too property mother collected for lifetime.
Can't just pass over.
Gang-hyeon contacted Manager Jeong Min-jun of accounting firm.
"Long time no see, Manager. Have been well right? Nothing else wondering if there is team handling real estate professionally in corporation perhaps."
"Yes, need advice of real estate experts due to personal circumstances. I will take care of commission generously, could you send expert perhaps?"
Not long after hanging up phone Manager Jeong arrived.
"Manager came directly?"
"Haha! Although I don't run in field now, acted as real estate specialty until 2 years ago."
"I see. Then shall we move?"
"Will escort with my car! Where should go?"
"Yeongjong."
Yeongjong International City. Located in Incheon and adjacent to Songdo. Car started and Manager Jeong asked.
"Viewing real estate for investment purpose in Yeongjong?"
"No. My mother was residing in villa there. Planning moving while getting mother apartment this time. House owner side is a bit strange."
"If strange...?"
"At first decided to receive 10 percent penalty and return Jeonse deposit. Changed words suddenly. Looked into a little afterwards, said landlord is corporation not individual. Possessing quite villas too."
"Mmm... high possibility Jeonse fraud?"
Said expert, Manager Jeong Min-jun associating with Jeonse fraud immediately.
"Person who advised me also spoke in similar side. Thought about waiting then moving to legal procedure if not returned, but mother's sense of loss would be big during that period."
"If mother's generation almost all assets would be tied to house. In that case since asset cultivated for lifetime sense of loss would be big."
"Know well?"
"My cousin was also scammed Jeonse fraud. So know a little."
Jeonse fraud became not others' story anymore. Scam method committed openly and numerous people became victims.
"Will speak after going to site first, but if really Jeonse fraud I will step forward and help."
"Thank you, really reassuring."
Seemed obtained best ally.
Manager Jeong Min-jun contacted few places moving by car. Said worked related to real estate, seemed to have many acquaintances that side. Could grasp rough state by time arriving at Yeongjong.
"Mmm... not good. Seems almost correct to view as Jeonse fraud."
Bad news was point high possibility Jeonse fraud. Entire 140 villas owned by corporation corresponded here and actually few villas Jeonse deposit return wasn't made already.
"Seems lawsuit already in progress with that."
"Mother didn't know that because villa she lived was before lawsuit yet."
"Will tell again if obtaining information from acquaintances for more details."
While listening to explanation car arrived at Yeongjong. After arriving at place where mother's villa is, Manager Jeong Min-jun went around surrounding real estates and collected information. Eloquent speaker and proficient in real estate, he boiled certified real estate agents and dug out desired information. Like that could collect various information soon.
"Hm? That villa complex? Place overturned while saying amusement park coming in or what before."
"Ah~ there? All outsiders. Putting Jeonse cheaply, people having workplace in Songdo or living in Gajwa or Gyeyang-dong side also came."
"That side villa complex probably all one company?"
Then tempting information came in.
"All one company?"
"Yes. Let's see... looking at map here."
Real estate agent representative took out map. Entire Yeongjong International City was displayed on map, representative picked one place among them.
"Tried to build amusement park on entire this side then that overturned. So land price fell and company purchased at that time built villas suddenly."
"Isn't that 140 units?"
"Ay~ built only 140 units on this land? Combining all over 2000 units probably?"
Manager Jeong's eyes grew big.
"D... don't tell me, one company holds all those villas? Checking registration Yeongjong Smart Development held only 140 villas?"
"That's affiliate. If investigate a little will know, JS Global will be above Yeongjong Smart Development."
"If JS Global...?"
"JS Global Construction Inc. not large enterprise. Still place with quite scale."
Manager Jeong had heard that name. Place doing construction business for quite long time in this industry heard became difficult experiencing Corona and inflation etc. consecutively.
So planned Jeonse fraud and came up to here?
Possibility sufficient. Problem was point scale became too big now.
Over 2000 units... seeing scale like this for first time too. Even Representative Choi would be surprised.
Manager Jeong turned gaze slightly and looked at Gang-hyeon. He was also staring at map shutting mouth tight whether this situation surprising. But unlike his thought Gang-hyeon was surprised in different meaning.
This area...
Reason Gang-hyeon staring at map was because entire surrounding area where mother's house is was glowing red.
Entire thing rising?
(End of Chapter)
— Translated by Prime Works —