Man in His 40s With Gang Ties Arrested for Defrauding Acquaintances of 170 Million Won in Jeju Resort Investment Scam

A man in his 40s with ties to an organized crime group has been arrested for defrauding acquaintances of 170 million won under the pretense of needing operating funds for a resort.
The Seogwipo Police Station in Jeju announced today (June 23) that it has arrested and detained the suspect, identified as A, on charges of fraud.
A is accused of approaching two victims he met through a gaming site in July 2024 and deceiving them by claiming he was running a resort business in Jeju and needed operating capital, promising to pay them back within the year. He allegedly swindled a total of 170 million won from them until June 11 of last year.
Police investigations revealed that A committed the crime after his resort business in the Seogwipo area of Jeju failed.
It was also found that after committing the crime, he lived as a fugitive, traveling across the country to evade police.
Following a tracking investigation, police apprehended A last month while he was hiding in a motel in North Gyeongsang Province.
A was already wanted on six separate warrants for other cases and was identified as having a history of being an active member of a local organized crime group.
A police official stated, "We will respond sternly to malicious fraud crimes through swift investigations."
(Photo: Yonhap News)
※ Please note: This article was translated by AI and may contain errors.