Close Menu
    Facebook LinkedIn YouTube WhatsApp X (Twitter) Pinterest
    Trending
    • These Were My Favorite Things Samsung Unpacked During Its 2026 Galaxy Event
    • AI minister role boosted but tech department axed in Burnham shake-up
    • Loop Engineering for RAG Question Parsing: The Small Loop That Runs Before Retrieval
    • The risk of weather data sabotage is rising
    • Hand-E Now Reaches 100 mm Without Giving Up an Ounce of Precision
    • Weight loss drug effectiveness and long term maintenance
    • Here’s what Albo’s ‘Office of AI’ means for Australian tech
    • YouTube and X Have Become ‘Gateways’ to Nudify Apps
    Facebook LinkedIn WhatsApp
    Times FeaturedTimes Featured
    Thursday, July 23
    • Home
    • Founders
    • Startups
    • Technology
    • Profiles
    • Entrepreneurs
    • Leaders
    • Students
    • VC Funds
    • More
      • AI
      • Robotics
      • Industries
      • Global
    Times FeaturedTimes Featured
    Home»News»South Korean Police bust wealthy casino extortion ring
    News

    South Korean Police bust wealthy casino extortion ring

    Editor Times FeaturedBy Editor Times FeaturedAugust 13, 2025No Comments3 Mins Read
    Facebook Twitter Pinterest Telegram LinkedIn Tumblr WhatsApp Email
    Share
    Facebook Twitter LinkedIn Pinterest Telegram Email WhatsApp Copy Link


    Police in South Korea have busted a on line casino extortion ring focusing on rich people. The Gyeonggi Southern Police Company reported that the criminals had been utilizing varied strategies to bribe and mislead victims.

    The Narcotics Crime Investigation Unit, Worldwide Crime Investigation Division, carried out the operation.

    South Korean police take motion towards extortionists

    A press release from the authorities acknowledged that twelve suspects had been apprehended, with six arrested, and that one particular person detained abroad is now being sought as a part of a repatriation course of.

    Chief Kim Jun-Younger mentioned the police arrested “12 individuals, together with the pinnacle of a so-called setup crime group, who lured rich people abroad below the pretense of golf journeys between December 2022 and April 2024, then extorted cash below the guise of cracking down on underage prostitution or embezzled a complete of 1.19 billion received ($850,000) by on line casino fraudulent playing.”

    Extortionists goal rich people for $850,000

    A person identified solely as Mr A is reportedly the “mastermind” behind the group and actions to swindle cash from focused rich victims. Mr A allegedly used monitoring locators on the victims’ automobiles to make sure he had their actual location to hold out the deliberate fraud.

    One South Korean nationwide was focused while taking part in golf in November 2022. Mr A and his accomplices are reported to have enticed the person to hitch a golf journey in Thailand, however unbeknownst to the sufferer, they might be concerned in a deeper extortion scheme.

    The report acknowledged that the legal group “induced the sufferer into partaking in prostitution of a minor, after which extorted 240 million received ($172,000) below the pretext of overlaying up the prostitution of a minor.”

    Between October 2023 and April 2024, Mr A additionally executed a scheme to lure rich golfers to Cambodia with the “promise of an abroad golf journey, and defrauded them of 950 million received ($683,000) by making them lose cash at casinos.”

    Mr A is reported to have designated roles for his group and recruited Cambodian on line casino officers to make the sufferer “owe $700,000 in playing debt”. Staging situations the place the targets had been misled to imagine that one in every of their group was being held hostage on the on line casino to extort a price of 650 million received ($467,000).

    South Korean police urge warning on on line casino scams

    Chief Kim Jun-young urged warning, saying, “that one of these setup crime is characterised by the truth that victims are drawn into the crime with out being conscious of the state of affairs and are usually reluctant to report the crime as a result of they suppose they’re additionally concerned within the crime, so particular care is required.”

    The South Korean Police have requested to grab the passport of the person in custody abroad and requested the “Worldwide Legal Police Group (Interpol) to problem a purple discover for his arrest.”

    We reported that the one South Korean casino the place locals are allowed to gamble issued a public assertion about on-line on line casino fraud. Kangwon Land refuted connections to unlawful on-line playing platforms and urged the Korea Communications Requirements Fee to dam any websites imitating their branding.

    Featured picture credit score: Ideogram.

    The publish South Korean Police bust wealthy casino extortion ring appeared first on ReadWrite.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Editor Times Featured
    • Website

    Related Posts

    Kalshi lawsuits dominate prediction market news today

    July 13, 2026

    Catawba Tribe Plans Two More North Carolina Casinos

    July 3, 2026

    Polymarket scrutiny, Schwab entry – latest prediction market news

    June 23, 2026

    Honolulu gambling raid in Waimakua Place nets machines

    June 13, 2026

    New Mexico lawsuit targets Kalshi sports contracts

    June 6, 2026

    Rhode Island Senate approves sports betting market expansion

    June 5, 2026

    Comments are closed.

    Editors Picks

    These Were My Favorite Things Samsung Unpacked During Its 2026 Galaxy Event

    July 22, 2026

    AI minister role boosted but tech department axed in Burnham shake-up

    July 21, 2026

    Loop Engineering for RAG Question Parsing: The Small Loop That Runs Before Retrieval

    July 19, 2026

    The risk of weather data sabotage is rising

    July 18, 2026
    Categories
    • Founders
    • Startups
    • Technology
    • Profiles
    • Entrepreneurs
    • Leaders
    • Students
    • VC Funds
    About Us
    About Us

    Welcome to Times Featured, an AI-driven entrepreneurship growth engine that is transforming the future of work, bridging the digital divide and encouraging younger community inclusion in the 4th Industrial Revolution, and nurturing new market leaders.

    Empowering the growth of profiles, leaders, entrepreneurs businesses, and startups on international landscape.

    Asia-Middle East-Europe-North America-Australia-Africa

    Facebook LinkedIn WhatsApp
    Featured Picks

    13 Superfoods to Eat to Keep Your Kidneys Healthy

    January 21, 2026

    Measles Is Causing Brain Swelling in Children in South Carolina

    February 4, 2026

    A United Arab Emirates Lab Announces Frontier AI Projects—and a New Outpost in Silicon Valley

    May 22, 2025
    Categories
    • Founders
    • Startups
    • Technology
    • Profiles
    • Entrepreneurs
    • Leaders
    • Students
    • VC Funds
    Copyright © 2024 Timesfeatured.com IP Limited. All Rights.
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • About us
    • Contact us

    Type above and press Enter to search. Press Esc to cancel.