A man in his 60s arrested for stealing 200 million won in investment fraud by saying, “I will give you high returns.”
Accused of trying to trick victims into transferring money to a stock reading room organization using high-profit bait
Quick Look
- The Haenam Police Station in Jeollanam-do is arresting and investigating Mr.
- A (in his 60s) on charges of attempting to transfer 22 million won in investment money to a stock reading room organization by deceiving it by claiming it would guarantee high profits.
- A is also accused of stealing 170 million won from victim B (female in her 50s) last month.
AI-generated summary
Why It Matters
The Haenam Police Station in Jeollanam-do is arresting and investigating Mr. A on charges of stealing investment money by deceiving the victim by promising high profits.
On the 13th, the Haenam Police Station in Jeollanam-do arrested Mr. A (in his 60s) and is investigating him on charges of attempting to deliver stolen investment money to a stock reading room organization (assuming fraud), saying it would guarantee high profits.
Mr. A is suspected of trying to transfer 22 million won in cash received from investment fraud victim B (female in his 50s) on a street in Haenam-gun, Gwangju, Jeollanam-do at around 12:25 pm on the 12th to an organization operating a stock reading room.
It was found that Mr. A, who was in charge of collection in the organization, tricked Mr. B into installing a fake investment application (app) by saying, “It can make high profits.”
Last month, he stole 170 million won from Mr. B in the name of investment money, and also demanded additional money, saying he had to pay a fee to receive the profits.
The police plan to apply for an arrest warrant for Mr. A and continue their investigation into the organization of the stock reading room.
What to Watch
AI outlook — possibilities, not facts
The police are planning to apply for an arrest warrant for Mr. A and continue their investigation into the organization of the stock reading room.
Very likely · Within days
Open Questions
- What is the specific size and background of the stock reading room organization?
- Has the final whereabouts of the investment money intercepted by Mr. A been confirmed?
- Are there any additional victims?







