4 people sent to prosecution for laundering and remitting voice phishing proceeds with coins

Chungbuk Provincial Police Agency panoramic view

The Chungbuk Provincial Police Agency's Anti-Corruption and Economic Crime Investigation Unit announced on the 22nd that it has sent four individuals, including Mr. A in his 40s, to the prosecution without detention on charges (violation of the Act on Refund of Damages from Electronic Financial Fraud) of laundering voice phishing proceeds into virtual assets (coins) and delivering them to the organization.

They are accused of receiving 150 million won in cash from a victim who was deceived by the voice phishing organization they belonged to in August last year, and then exchanging it for virtual assets and delivering it to the organization.

It was investigated that the organization Mr. A belonged to posted fake investment information on social media and deceived victims by saying "you can earn a lot of money," thereby extorting money from them.

Mr. A and others reportedly told the police that they "thought it was a high-paying part-time job."

The police plan to continue their investigation into the upper echelons of the voice phishing organization.