"Concert Tickets for Sale"... 20s Arrested for Embezzling Tens of Millions of Won

In April, advanced technologies such as lasers and holograms were showcased at the Allegiant Stadium in Las Vegas, USA, where BTS's concert was held. The photo is unrelated to specific expressions in the article. [Image source=Yonhap News]

[Asia Economy Reporter Intern Lee Gye-hwa] A man in his 20s, identified as Mr. A, who deceived people by promising to secure concert tickets but only took their money, has been arrested by the police. The police revealed that the criminal proceeds Mr. A embezzled amount to 58 million won, and they are investigating additional offenses as there may be more victims.

The Gwangmyeong Police Station in Gyeonggi announced on the 8th that they have apprehended and are investigating Mr. A on charges of fraud and related offenses for deceiving people by promising to secure tickets for popular concerts and taking their money.

Since December of last year, Mr. A is accused of posting on social networking services (SNS) that he could obtain popular concert tickets at face value, receiving ticket payments from victims.

Mr. A reportedly obtained victims' personal information by claiming that the ticket purchaser's name was required to book tickets with the organizer, then asked for authentication codes sent via text messages to their phones. Using these names, he purchased gift certificates through small payments.

Additionally, during the ticket procurement process, Mr. A demanded deposits amounting to several million won, which he embezzled, according to the investigation.

The criminal proceeds Mr. A earned through these methods are estimated to be 58 million won, with 11 victims reported to the police so far.

The police arrested Mr. A on the 7th after receiving reports from victims that he was an internet broadcaster, and they identified his residence based on the broadcast content.

During the police investigation, Mr. A reportedly claimed that he committed the crimes to cover living expenses.

The police are investigating further as they believe there may be more victims.

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