Leader of 'Telephone Financial Fraud Group' Active in Yantai, China Arrested

[Asia Economy (Hongseong) Reporter Jeong Il-woong] The mastermind who organized and operated a phone financial fraud group in collusion with ethnic Koreans in Yanji, China, has been arrested.

On the 12th, the Anti-Corruption and Economic Crime Investigation Unit of the Chungnam Provincial Police Agency announced that they had apprehended and detained A (47), the mastermind of the phone financial fraud.

The phone financial fraud group led by A is suspected of operating a call center office in Yanji, China, from September 2017 to December 2019, defrauding a total of 1.5 billion KRW from 75 victims.

A and others are reported to have installed remote control apps on victims' mobile phones by proposing low-interest loan changes to victims who had high-interest loans, thereby embezzling money.

In the crime, A took the lead in recruiting members such as phishing agents, securing funds necessary for call center operations, and managing victim information. Fourteen members who participated in the crime with A have all been arrested prior to A's capture.

A police official stated, "A evaded the police investigation by moving between motels for several months and was eventually caught at a location in Seoul," adding, "A and the other members will be prosecuted on charges of fraud and organizing a criminal group."

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