Yeosu Police Arrest Cash Collector Involved in Phone Financial Fraud Disguised as Large Loan Refinancing Scheme

[Asia Economy Honam Reporting Headquarters Reporter Kim Chunsu] The Yeosu Police Station in Jeonnam announced on the 27th that they have arrested and are investigating A (62), a cash collector who committed telephone financial fraud under the pretense of refinancing loans.

A is accused of impersonating an employee of a financial company and swindling 23.5 million won in cash on the roadside of Museon-ro, Yeosu-si, at around 4:10 PM on the 25th.

The police, while collecting intelligence on recent face-to-face telephone financial fraud crimes, secured a statement from a victim who reported to the police after handing over 19 million won to an unidentified suspect on the 23rd, stating that they planned to hand over the remaining amount of 23.5 million won.

Accordingly, the police discovered and arrested the cash collector A after about two hours of stakeout at the agreed location on the roadside of Museon-ro, Yeosu-si.

By analyzing the confiscated mobile phone of A, the police confirmed additional crimes in which approximately 184.87 million won was swindled from various victims in nine separate incidents using the same method from the 18th to the 25th.

A Yeosu police official said, “We will apply for an arrest warrant against the arrested cash collector and focus our investigative efforts on arresting the telephone financial fraud organization members who received the remitted cash through supplementary investigations into additional crimes.”

This content was produced with the assistance of AI translation services.