20s Male Pretending to Be a Chaebol Arrested for Approaching Women and Extorting Money

A man in his 20s who pretended to be a chaebol and extorted tens of millions of won from women was arrested by the police.

The Haeundae Police Station in Busan arrested and sent Mr. A, a man in his 20s, to prosecution on the 6th on charges including robbery and violation of the Specialized Credit Finance Business Act.

According to the police, from the 9th to the 16th of last month, Mr. A pretended to be a chaebol using rented luxury foreign cars and luxury goods in Seoul and the Gyeonggi area, and took cash and credit cards from two women, using about 35 million won.

During this process, Mr. A reportedly confined and threatened the victims and purchased high-end luxury goods with the stolen cash and credit cards.

The suspect driving a high-end foreign car. [Image source=Busan Police Agency]

He is also accused of extorting about 1.5 million won by threatening after using three shared lodging facilities located in Haeundae from September 21 to 29 last year, under the pretext of unregistered business operations.

The police staked out Mr. A’s temporary residence and arrested him, seizing luxury goods worth about 20 million won.

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