"If They Say 'We'll Switch to a Low Interest Rate,' It's 100% Voice Phishing... Busan Police Arrest Two Collection Agents"

Busan Nambu Police Station, "Swift Investigation of Violent Crimes" ... Fraudsters Embezzled Over 400 Million Won

[Asia Economy Yeongnam Reporting Headquarters Reporter Kim Yong-woo] Two typical voice phishing scammers who deceived dozens of people by promising to switch to low-interest loans have been consecutively arrested.

The Criminal Division of Busan Nambu Police Station announced on the 17th that they have arrested Mr. A, a man in his 40s, and Mr. B, a man in his 50s, who acted as collectors for a voice phishing organization impersonating financial institutions, on charges of fraud.

Mr. A is accused of deceiving a man in his 40s on December 1st last year in a parking lot of a building in Munhyeon-dong, Nam-gu, Busan, by claiming that if he received a credit loan from a card company, deposited the money into a bank, and handed over his check card, he would provide a low-interest refinancing loan, thereby embezzling 41.6 million KRW in cash.

It was revealed that Mr. A collected a total of 360 million KRW from 22 victims in Busan, Gyeongbuk, and Gyeongnam regions using this method from November 6th to December 9th last year.

After receiving reports of the damage, the Nambu Police Station identified that there were multiple victims and deployed the violent crimes team of the Criminal Division for a swift arrest, successfully capturing Mr. A.

Mr. B impersonated an official from the Financial Supervisory Service. He approached victims by claiming to offer low-interest refinancing loans through government support funds.

It was confirmed that Mr. B collected a total of 97.5 million KRW over nine occasions in Busan, Gyeongbuk, and Gyeongnam regions from January 22nd to 26th.

A representative from the Busan Police Agency stated, “Since September last year, we have been treating voice phishing crimes as serious offenses and conducting strict investigations. When multiple cases are confirmed, we deploy the violent crimes team for prompt investigation.”

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