
Charged with fraud for participating in a convertible loan scam
■ Case Overview The client was offered to repay his existing high-interest loan and convert it to a low-interest loan, and participated in the credit enhancement and duplication process that occurred during the loan process. However, the client was unaware of the legal implications of this behavior and simply proceeded with the loan to reduce his financial burden. He was subsequently charged in a related case and sought legal assistance in an unfair situation. ■ Case Issues The main issue was whether the client's failure to notify the financial institution of the credit enhancement and duplicate loans during the loan process could be recognized as fraud. ■ Ongkang's support Our lawyers provided systematic legal support to prove the client's innocence from the beginning of the case. First, we proved that the client's actions were simply to reduce his financial burden and that he had no intention of committing fraud.