Myung Jae Kim, 56, owner of a water purification company, was convicted on several felony counts after he held a bank employee hostage and exchanged shots with SWAT officers. Kim took a bank employee hostage two years ago in retaliation for money that went missing in his safety deposit box. Kim claims he lost about $235,000 in cash placed into a safety deposit box at Hanmi Bank in Garden Grove. When the money went missing from Hanmi Bank, Kim filed a police report with police but the case was closed a year later. Hanmi Bank officals conducted their own investigation and concluded that Kim's wife took the money from the deposit box.
In March 2012, Kim walked into Saehan Bank with a white box containing a sawed-off shotgun, four pipe bombs, a lighter, shotgun shells and a knife. Kim took a bank employee hostage for nearly four hours before SWAT stormed the building and a shootout ensued. Kim was shot in the stomach by SWAT.
Kim was acquitted of attempted murder, but was convicted of false imprisonment, assault with a firearm, three counts of assault on a peace officer, possession of a destructive device in a public place, possession of a destructive device for intimidation or injury and making criminal threats. Kim was also found guilty of sentence-enhancing allegations, including using a deadly weapon and the personal use of a firearm. Kim faces a maximum of 24 years in prison when sentenced.