Tuesday, September 10, 2024 – A crypto scammer known as Mr. Kim has been arrested by the Seoul Metropolitan Police Agency’s Financial Crimes Investigation Unit over 4.5 billion South Korean won ($3.36 million) fraud, a report said.
During November 2021 and June 2022, the Kim had lured 158 people into a crypto mining investment scheme promising 18% pay back in a month and had swindled 4.5 billion South Korean won.
It is reported that 100 million won of the alleged scammer had been confiscated while an order of freezing 1.3 billion ($972 000) won had been passed by South Korean Police.
Reports say that Mr. Kim had evaded an interrogation scheduled for September 2023.
Investigators reported that Kim had reportedly undergone cosmetic surgery, started wearing a wig to misguide the police, and had frequently changed his living place as well.
The phone records of Kim, tracked by South Korean police, may have played a crucial role in the arrest of the crypto scammer.
