Two individuals, ages 20 and 30, were recently taken into custody by South Korean police. Charges that they had promised an elderly individual huge earnings on cryptocurrencycurrency investments and instead conned them out of $4.1 million led to their arrest.
The victim was lured in by the scammers between September and December 2022, allegedly offering an incredible 70% profit on a monthly investment of one billion won.
Six payments totaling 5.5 billion won were made by the victim, and the fraudsters used spreadsheet manipulation to portray fictitious returns and forged balance certificates.
