A gang that pretended to buy luxury watches worth 4 billion KRW secondhand and swapped them with counterfeits has been handed over to the prosecution.


Gang Involved in Swapping Luxury Watches Worth 4 Billion Won Sent to Prosecution View original image

On the 15th, the Gangnam Police Station in Seoul announced that they had sent 4 people, including A, a man in his 30s who operates a luxury store in Sinsa-dong, Gangnam-gu, and B, a staff member in his 20s, to prosecution on charges of special theft, and sent one accomplice without detention.


On the afternoon of the 19th of last month, they received six Richard Mille watches from C, a Thai national who came to sell the watches, then deceived him by saying they would take photos and swapped them with pre-prepared counterfeit watches. The six stolen watches are worth about 4 billion KRW based on genuine prices.


They proposed to "appraise whether the watches they swapped were genuine." When the appraisal revealed they were counterfeit, they reported C to the police. During the police investigation, C was identified as the victim, and on the 6th, the gang of five was arrested.



The police have seized two genuine Richard Mille watches and are continuing to track the whereabouts of the remaining watches.


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

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Today’s Briefing