A bunch based mostly in Thailand has been caught operating a large-scale rip-off that stole over $15 million from tons of of South Koreans.
In accordance with a report by Korea JoongAng Each day, the rip-off concerned a spread of techniques, together with romance-related fraud and faux cryptocurrency gives.
South Korea’s Seoul Metropolitan Police reported that 25 people linked to the rip-off have been arrested. Thai police additionally captured the group’s chief and eight others.
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They’re at the moment being held in Thailand whereas South Korean authorities work on bringing them again for trial.
The rip-off occurred between July 2024 and July 2025. Practically 900 people had been misled into transferring cash by means of varied pretend platforms. Some had been instructed they had been being compensated for private information leaks, whereas others had been lured into pretend on-line relationships.
The group operated underneath the title “Lungo Firm” and was arrange like a enterprise, with completely different groups specializing in particular scams.
Inside their base in Pattaya, group leaders enforced strict management. Passports had been taken, telephones had been restricted, and nobody was allowed to go away. Members had been additionally skilled in how one can perform the scams, and those that carried out nicely had been rewarded.
Thai police raided the resort in June and arrested a number of members. With assist from Seoul’s police power, they later situated and detained the important thing leaders. Lots of these already introduced again to Korea are underneath formal investigation.
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