Scammers falsely guaranteed 70% profits on an investment of 1 billion South Korean won within a month and stole 5.5 billion won in six different transactions.
The Haeundae Police Station in Busan, South Korea, detained two individuals in their 20s and 30s for deceiving a senior citizen and stealing 5.5 billion South Korean won spread across multiple transactions.The scammers guaranteed 70% profits in a monthly investment of 1 billion won. The police quoted the fraudsters saying:
The victim sent 5.5 billion won in total over six different transactions to the scammers, who then forged balance certificates to show as proof of investments. South Korean police said the fake balance sheet showed 20 billion won worth of cryptocurrencies, even though none of the victim’s 5.5 billion won funds made it to the crypto trading account.