The Seoul Police Department's Financial Crimes Investigation Unit has arrested 14 people in connection with a $12.8 million cryptocurrency mining scam. The ringleader, a 40-year-old man surnamed Lee, even underwent plastic surgery to evade the law. He is accused of defrauding 158 victims by setting up a fake cryptocurrency mining company between November 2021 (November 1400) and June 2022 (June 1401). Lee embezzled $3.6 million of the total amount and used a network of recruiters to make the operation appear legitimate. After ten months of persecution, he was finally arrested. The police also arrested eight key people in the fraudulent operation.
14 People Arrested in $12 Million Cryptocurrency Mining Scam
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September 01, 2024
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