Cash Recovered After Victim's Cooperation and Police Stakeout
A cash collector for a voice phishing (telephone financial fraud) organization, who attempted to swindle tens of millions of won by deceiving a victim with the promise of a new loan upon repayment of an existing loan, has been apprehended by the police.
Gwangju Gwangsan Police Station announced on the 11th that they had arrested Mr. A (in his 40s), a cash collector for a voice phishing organization, on charges of fraud in the act and recovered 48 million won in stolen funds.
On the 8th, Mr. A allegedly approached a victim in the Gwangju and Jeonnam areas, luring them with the promise of a 'loan refinancing' and inducing them to repay their existing loan, subsequently receiving 32 million won in cash. The victim, deceived by the claim that "your interest rate will be reduced if you pay off your current loan," handed over the money but soon became suspicious and immediately reported it to the police.
Believing there was a high possibility of additional damage, the police asked the victim to "continue pretending to be deceived," and set up a stakeout at the scene. The following day, when Mr. A appeared again to collect more cash, the police arrested him on the spot and recovered the full amount of 48 million won, including the victim's money.
The police have confirmed indications that Mr. A committed additional crimes on about ten occasions and are tracking further offenses, as well as expanding the investigation into the organization’s leaders and other accomplices.
A police official stated, "Although we are focusing investigative resources on telephone financial fraud cases involving large sums, prompt reporting and cooperation from citizens are most important," and urged, "Please actively cooperate with verification requests from financial institutions and the police when withdrawing large amounts of cash."
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