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“If You Have Sex, I’ll Lower Your Interest”… ‘7700% Murderous Interest’ Loan Shark Sentenced to 5 Years in Prison
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A moneylender who not only made huge profits by threatening debtors and charging them high interest rates, but also offered them sexual relations in exchange for reduced interest rates was sentenced to prison. On the 20th, Judge Kang Geon-woo of the 5th Criminal Division of the Cheongju District Court ruled that the loanlender violated the Act on Fair Collection of Debts and the use of private documents.
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