Dentist Arrested for Defrauding Patients of $50 Million with Fake Insurance Scheme

By Park Seungho Posted : August 25, 2026, 08:48 Updated : August 25, 2026, 08:48

A dentist has been arrested for defrauding patients out of nearly 6 billion won (approximately $50 million).


The Gwangju Western Police Station has referred a dentist, identified as A, in his 50s, to prosecutors on charges of deceiving patients by claiming to offer an insurance product that guaranteed both principal and returns.


According to police, A misled 26 patients from May 2024 into believing that he had a dental insurance product that guaranteed both returns and principal.


Investigations revealed that one victim lost 3 billion won (about $2.5 million).


Police began their investigation after receiving complaints from victims in October of last year and referred A to prosecutors on December 12 while he was not in custody.


Additionally, eight more victims have come forward with complaints against A, and the investigation is ongoing.





* This article has been translated by AI.

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