In 2017, a crowd surrounded a young man at the entrance of a Seoul courthouse, enraged and shouting in unison:
"Park Chul-sang, pay me back my hard-earned money!" Park Chul-sang, pay me back my hard-earned money! ”
Obviously, the young man who was surrounded was the debtor - Park Chul-sang.
Shortly before that, Park Chul-sang had just become a rich and upstart with a net worth of 40 billion won and donated more than a billion won to various schools and institutions.
The media called him "Buffett of South Korea", and the official awarded him the trophy of "Outstanding Young Philanthropist in Asia" in 2016.
Why is such a person of great goodness full of foreign debt and surrounded by people to seek money? And why did he go to jail two years later, becoming a liar and a wicked person in the population?
Park Chul-sang
Who is Park Chul-sang?
Park Chul-sang has always been a "god" in the minds of young Koreans before being surrounded by people to collect debts.
He did not come from a rich and noble family, nor was he the son of a famous university.
But before he was 30 years old, he amassed a net worth of 40 billion won (200 million yuan) from scratch; Park Chul-sang explained this:
"My success comes entirely from stock trading. Since junior high school, I have used my parents' accounts to invest; in 12 years of stock trading, I have never lost money, and at worst, I have a 35% gain. ”
Park Chul-sang on the stage was talking about a mouthful of sky-shattering, and the admirers on the stage listened with great satisfaction.
Looking at the adoring eyes of the crowd, Park Chul-sang smiled indifferently and continued Versailles:
"At the age of 25, I earned money that I could never spend for the rest of my life."
Other people's 25-year-olds are trapped in mortgages and car loans; Park Chul-sang's 25-year-old has a net worth of 40 billion won and has achieved economic freedom.
As a result, in those years, Park Chul-sang was called "Korean Buffett".
If this were the case, Park Chul-sang would not have reached the point of "canonizing the gods" in South Korea.
This successful man under the age of 30 not only has money, but also has a big heart.
In September 2013, Park Chul-sang donated his first donation to his alma mater, totaling 15 million won.
Subsequently, he sponsored 300 poor students, established 9 scholarships and 1 medical charity fund.
In just six years, Park Chul-sang donated 1.8 billion won and became a well-deserved "Youth Donor King".
The recipient regarded Park Chul-sang as a deity in his heart, and a middle school student burst into tears at the reporter:
"He gives me a grant every month until I graduate from college, and he is a kind and reliable uncle in my heart!"
In this regard, Park Chul-sang was very humble and said with a look of concern:
"I never considered doing charity before I went to college, but I was very touched by the death of one of my colleges."
"This classmate's family is very poor, but in this environment, he is still working and studying. He had an accident while working, and I hope to borrow my strength to help people like him. ”
Park Chul-sang's words made people move, so everyone joined forces to create a god and send this man who was less than 30 years old to the altar.
However, Park Chul-sang did not stay on the altar for too long, and some people stood up and called him a "liar" and took him to court with a lawsuit.
Shou Shan is a liar?
"Park Chul-sang, pay me back my hard-earned money!" Park Chul-sang, pay me back my hard-earned money! ”
In 2017, at the entrance of the Seoul courthouse, a group of people surrounded Park Chul-sang, all of whom were bitter and bitter creditors.
When the reporters heard the news, the creditors led by them cried out to the reporters:
"Park Chul-sang is a liar! He is a fraudster under the guise of charity! ”
The total number of creditors who sued Park chul-sang in court was as many as 13, involving an amount of 3.5 billion won.
2.4 billion won, although the amount is not small, but compared to Park Chul-sang's 40 billion net worth, it seems to be a dime.
So what is this unclear debt dispute?
At trial, a creditor complained about his history of being defrauded:
"Park Chul-sang and I met at a charity event, and I appreciate him a lot. He told me that if I only give him 300 million principal, I can get a 150% return in the next year. ”
After all, at that time, Park Chul Sang had the title of "South Korea Buffett" on his head, and 12 years of stock investment had never lost money.
Such a "stock god" offers to help him take care of his assets, who can refuse?
However, what investors did not expect was that as soon as their money was given out, Park Chul never mentioned the income.
Over time, the investors felt that the situation was not right, so they wanted to find Park Zhexiang to get the principal back; but at this time, Park Zhexiang turned his face and did not recognize anyone, either prevaricating or the dragon disappeared.
Most of the victims who gave money were staff in schools and institutions that Park Chul-sang had funded.
They had seen Park Chul-sang donate money, so they never doubted the strength and character of this person.
Two of the 13 investors are Park Chul-sang's teachers.
The teacher said with great shame to the reporter's camera:
"I also preached to students in class that in the future you will become as good as Park Chul-sang, and it is humiliating to think about it now."
Really, it is man who creates God, and it is also man who pushes God off the altar!
So, is Park Chul-sang deliberately fraudulent; or is it just that the market is not good and the investment fails?
What is the truth?
As soon as the Park Chul-sang fraud case came out, South Korean public opinion was immediately divided into two factions with distinct positions.
One faction sided with the victims, saying that Park Chul-sang was flaunting and cheating under the guise of charity.
The other faction believes that Park Chul-sang is not deliberately fraudulent, but that the market is not good and he has lost the principal.
Indeed, the stock market is constantly changing, and who can guarantee that only profits will not be lost?
More people were involved in this discussion of right and wrong, so the media vigorously excavated the history of Park Chul-sang; as a result, everyone was shocked to find out the truth - Park Chul-sang is not a god at all!
Park Chul-sang's "junior high school stock trading" is true, but there is only one actual profit - in 2015, the South Korean stock market soared, and Park Chul-sang made 400 million won.
But since then, he has been in a slump in the stock market, and the more he speculates, the more he loses, and the more he loses, the more he continues to speculate.
Of the 1.8 billion won he donated as a benevolent person, not a single cent of his own money was spent; all of it was the equity capital taken out by investors, but it was donated by Park Chul-sang to schools and various institutions.
This is borrowing the hands of others and taking pleasure from yourself!
In addition to donations, the principal of investors was also squandered by Park Chul-sang for his own life.
He lives in a high-end apartment that costs 2.5 million won a month; he often holds parties and invites some foolish investors to get together; and even transfers as much as 300 million won to his girlfriend.
According to statistics, Park Chul-sang received a total of 3.5 billion won from the victims, excluding the 1.04 billion won that had been returned, of which 1.88 billion were donated, and the remaining nearly 600 million won were used by Park Chul-sang.
At the end of the trial, the court convicted Park Chul-sang of "deliberate fraud" and sentenced him to 10 years in prison.
Ironically, after the incident, the victims joined forces to find Park Chul-sang's alma mater and demanded that the school return the donations that Park Chul-sang had donated.
But the school's response was:
"We are only responsible for setting up the foundation, where the money comes from has nothing to do with us?"
Who can say whether it is right or wrong?
So far, Park Chul-sang's wind evaluation in South Korea has been polarized.
In the eyes of the donor, he is a god-like being; in the eyes of the victim, he is a devil who eats people and does not spit bones.
And such a donation, although there is an element of vanity, but is it not another sense of "robbing the rich and helping the poor"?