"Click if you want to jump..."Cambodia's base leading fraud group indicted

The Seoul Southern District Prosecutors' Office has put 14 Korean members on trial for allegedly committing stock-reading fraud based in Cambodia.

From January to July this year, they are accused of joining a criminal group led by a Chinese chief in Phnom Penh, Cambodia, running a stock reading room and stealing 2.9 billion won from 38 people.

The group posted a banner advertisement on the Internet portal site saying, "Click if you want to jump stock," and then impersonated an employee of a famous international investment advisory company to build trust and lure him to a fake investment site to receive investments.

In particular, it was found that after receiving the investment for the first time, the company used the so-called "pig-dealing" method of inducing additional investment, saying there was an opportunity for block deals and over-the-counter mass transactions, and then collecting money and cutting off contact.

The prosecution explained that the group they participated in was an organized crime group that divided its roles into a public relations team that approaches victims with Internet portal advertisements, a sales team that builds trust and lures them to fake investment sites, and an interpretation team.

The prosecution confirmed that they had laundered the criminal proceeds by being paid with virtual assets and converting them into cash, and collected about 55 million won in additional compensation.