- Associated Press - Wednesday, May 14, 2014

ALBANY, N.Y. (AP) - The New York attorney general has accused the president of the nonprofit Korean Social Service Center of grand larceny, in alleged scheme to prey on elderly Korean-Americans by taking money and falsely promising placements in preferred housing.

Ock Chul Ha of Fort Lee, New Jersey, has pleaded not guilty to two grand larceny charges.

According to Attorney General Eric Schneiderman, an investigation showed that over three years, the 37-year-old Ha fraudulently took in about $780,000 from clients seeking advice about Medicare and Social Security, promising placement in New York City’s 421(a) housing program.

According to the complaint, Ha defrauded 42 people and conceal the Ponzi-style scheme would pay former victims with money from more recent victims.

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