Unscrupulous Investment Company Deceives Investors with Unlisted Coins, Stealing 25.6 Billion Won

Unscrupulous Investment Company Deceives Investors with Unlisted Coins, Stealing 25.6 Billion Won

Investment Company Swindles Investors with Bogus Unlisted Coin Investment Scheme In a recent development, police have apprehended a group of individuals involved in a fraudulent investment scheme that defrauded investors of a staggering 25.6 billion won by luring them with promises of high returns on unlisted coins. The Daegu Metropolitan Police Agency's Criminal Investigation Unit arrested 19 suspects, including the alleged mastermind, identified as Mr. A, on charges of fraud and related offenses. Eighteen other individuals were released without detention. The suspects employed deceptive tactics, sending out unsolicited open chat room invitations via Messenger using "windcatchers." They presented false assertions to potential victims, claiming substantial profits from stock and virtual asset investments. To bolster their fraudulent claims, they convinced victims to install a specific mobile application and provided points redeemable for cash or recommended stock items to establish credibility. After gaining the victims' trust, they urged them to invest in unlisted coins, promising lucrative returns. However, when victims attempted to withdraw their funds, the suspects obstructed the process by demanding exorbitant withdrawal fees and ultimately vanished. The investigation revealed that the suspects targeted a vast number of individuals through the open chat room invitations. The Daegu Metropolitan Police Agency strongly advises investors to exercise caution and thoroughly research potential investment opportunities before committing funds. Victims of this fraudulent scheme are encouraged to reach out to the authorities for assistance and guidance.