In the Philippines, six South Korean nationals were arrested for their alleged involvement in a cryptocurrency investment scam that has swindled multiple victims out of nearly 2.9 million US dollars. The arrests took place during separate operations in Muntinlupa City, where authorities claimed the group was running a fraudulent scheme through a fake cryptocurrency website. These individuals are wanted in South Korea, with Interpol issuing red notices against them after they were criminally charged for fraud. Another arrest was made for a different suspect, who was wanted for stealing construction materials. All six detainees are currently held at the Bureau of Immigration facility and will face deportation proceedings.
Six South Korean nationals were arrested in the Philippines for their alleged involvement in a cryptocurrency investment scam that defrauded many victims. Bureau of Immigration (BI) Commissioner Joel Anthony Viado confirmed the arrests, identifying the individuals as Ha Doogyun, Kin Jung Ho, Lee Sunyeob, Kim Taemin, Yun Songwook, and Park Sukil.
The group was taken into custody during a raid in Alabang, Muntinlupa City, where they were suspected of running a large-scale fraudulent operation through a fake cryptocurrency website. This scam reportedly lured hundreds of victims, leading to losses exceeding four billion won, or about 2.9 million US dollars, since the start of 2023.
Viado stated that the arrested individuals faced red notices from Interpol and had outstanding warrants issued by a court in Seoul as of September 14. Meanwhile, Park Sukil was separately apprehended on charges of larceny at Newport Mall in Pasay City.
These six suspects are currently held at the BI warden facility in Taguig City as they await deportation proceedings. This incident highlights ongoing concerns over cryptocurrency scams and the need for vigilance among investors, especially in regions with increasing fraudulent activities.
Stay informed on this developing story and similar news to ensure you protect yourself from investment scams.
Tags: South Korea, cryptocurrency scam, Bureau of Immigration, arrest, fraud, Philippines news
-
What happened with the six South Koreans?
Six South Koreans were arrested for allegedly being involved in a cryptocurrency scam and stealing money from people. -
What is a cryptocurrency scam?
A cryptocurrency scam is when someone tricks people into investing in fake digital currencies or projects, making them lose their money. -
How much money did they steal?
Reports say that they stole a large amount of money, but the exact figure is still being investigated. -
Will the people involved go to jail?
If they are found guilty, they could face serious legal consequences, including jail time. - How can people protect themselves from such scams?
To stay safe, always do thorough research before investing, and be cautious of offers that seem too good to be true.
