34 people, including a man in his 30s, arrested in South Korea for scamming hundreds of billions of won by posing as foreigners

Police have arrested a romance fraud ring in South Korea that approached victims posing as foreign women and stole hundreds of billions of won by encouraging them to invest.
On the 2nd, the Gangbuk Police Station in Seoul arrested a total of 34 people, including a man in his 30s, on charges of violating the Electronic Financial Transactions Act and fraud.
According to the police, between December last year and the beginning of this year, Mr. A and his group had joined hobby activity apps such as cycling and golfing, and were harassing young people who could not speak Korean.
They approached 16 victims, posing as foreign women. They deepened friendships with the victims through non-face-to-face chats, established romantic relationships with them by sending them fake photos, and offered to buy good stocks and funds.
They created a fake homepage that imitated the homepage of a securities company in advance, and manipulated the screen to make it appear as if they had made a 100% or more profit in the early stages of investment.
When the victim tried to withdraw money from this site, a message was displayed stating that they had to pay a fee of 10% of their earnings. If the victim paid the fee,
The page was shut down, and the accounts they used to contact them via the app were also reportedly gone. The amount of criminal proceeds laundered by Mr. A and his associates through gift certificate companies amounts to hundreds of billions of won.
They are investigating whether there are any other victims.