"Invest in stocks to be listed"...1.5 Billion Won Fraud Custody Arrested

The Seoul Metropolitan Police Agency's wide-area investigation team handed over nine people a day to the prosecution, including arresting the 20-year-old chief A, on charges of pocketing money by deceiving him that he could make high profits if the stock was listed soon.

A and others are accused of stealing 1.5 billion won from more than 80 people by creating a fake stock trading site for six months from May and recommending the purchase of unlisted stocks.

In addition, it was investigated that they used paid member information on a closed lottery number prediction site or posted success stories of investment on social media using professional actors to search for targets.

The police also applied the crime of organizing a criminal organization with a serious sentence, believing that a group of acquaintances of the chief A systematically committed crimes by dividing their roles into management measures and incentives.