'Gambling and Private HTS Futures Trading' 100 Billion Won Scale Operation Organization Exposed

43 Arrested Including Mastermind of Illegal Gambling Operation... 10 Detained and 8.3 Billion Won Seized

Betting History by Member Using HTS [Provided by Gangwon Police Agency]

[Asia Economy Reporter La Young-cheol] A group operating a private online stock trading gambling site worth 100 billion won was caught by the police.

The Gangwon Provincial Police Agency announced on the 11th, "We arrested 43 members of three organizations operating a gambling site worth 100 billion won on charges of establishing gambling spaces and violating the Capital Markets and Financial Investment Business Act, detained 10 of them, and confiscated and preserved criminal proceeds worth about 8.3 billion won."

The mastermind, Mr. A, is accused of opening a gambling site with hometown friends from July 2018 to September last year, gathering about 2,600 members, and operating a private HTS (Home Trading System) gambling site worth about 100 billion won, including 62 billion won (about 2,000 members), 21.6 billion won (about 300 members), and 15.4 billion won (about 300 members).

According to the police investigation, they committed the crime by using an unauthorized private HTS linked in real-time with domestic and international futures trading data, and recruited members called "experts" who bet on futures index fluctuations.

Twenty-eight accomplice recruiters acted as internet broadcast BJs specializing in futures investment or operators of futures options information exchange communities, promoting the private futures companies run by Mr. A and others as highly stable investments to their broadcast subscribers and community members to induce sign-ups.

Suspect's Residence Search and Seizure Scene [Provided by Gangwon Provincial Police Agency]

Mr. A and his group attracted members by emphasizing that anyone could invest in futures with a small amount simply by signing up for the private HTS, without going through normal exchanges such as margin deposits and education completion. Thirty to fifty percent of the losses incurred by members went to the recruiters and the organization as profits.

It is reported that most of the profits they earned were squandered on leasing luxury imported sports cars, gambling, and entertainment expenses.

A Gangwon Provincial Police Agency official advised, "Be cautious of advertisements guaranteeing high returns, and even if an online broadcast recommends a company as a stock expert, you should be careful."

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