Jeonnam Police Arrest Gangsters Operating Gambling Site Worth 100 Billion Won

27 People Including 12 Members of 3 Jeonnam Organized Crime Gangs Violating Electronic Financial Transactions Act

Two Arrested Including Gwangju Gangsters for Using Fake Bank Accounts and Operating Gambling Sites

Jeonnam Provincial Police Agency building exterior

[Asia Economy Honam Reporting Headquarters Reporter Kim Chunsu] Organized crime groups in the Gwangju and Jeonnam regions, who created 94 corporate financial accounts and OTPs used for various criminal purposes such as operating gambling sites, voice phishing, financial multi-level marketing, and gambling sites, have been apprehended by the police.

The Jeonnam Provincial Police Agency's Metropolitan Investigation Unit announced on the 16th that they arrested two individuals, including A (39), a member of the Gwangju organized crime group, on charges of establishing gambling spaces.

Twelve members from three factions of the Jeonnam organized crime groups who opened and circulated forged bank accounts, along with 15 simple name lenders, totaling 27 people, were booked without detention on charges of violating the Electronic Financial Transactions Act.

They are suspected of operating an internet gambling site with deposits totaling around 100 billion KRW over one year from August 2019 to August 2020, earning approximately 8 billion KRW in illegal profits.

From March 2016 to March of this year, they are also accused of creating corporate financial accounts for various criminal purposes, circulating them in the market, and collecting 2 million KRW per account monthly (20 to 30 million KRW annually) as compensation.

In the past, organized crime groups earned illegal profits by extorting money from small business owners within certain commercial areas, collecting monthly protection fees, and operating entertainment establishments and gambling arcades. However, recently, due to economic difficulties, they have diversified illegal businesses such as forged bank account transactions and gambling site operations to generate new revenue streams.

The Jeonnam police plan to actively detect and strictly punish illegal activities that disrupt sound economic order and accelerate the impoverishment of the common people's economy.

A Jeonnam police official stated, “Recently, cases proposing forged bank account transactions targeting teenagers have surged on internet cafes and social media platforms. Since teenagers can easily be lured by these offers, active interest and guidance related to this matter are necessary from families, schools, and educational authorities.”

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