A financial influencer in South Korea is alleged to have set up a huge cryptocurrency scam after dissatisfied investors wanted a refund for bad stock advice he had given. Police have arrested 215 people in connection with the alleged fraud. South Korean news agency Yonhap reported that 12 of the 215 people arrested remain in custody. Those detained include the suspected scam ringleader, who was identified as the middle-aged head of an investment advisory company and YouTuber with 620,000 subscribers. He was referred to only as Mr. A. Mr. A fled to Australia but has now been arrested.
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