Seven Members of Vietnam-Based "No-Show Scam" Ring Arrested... 630 Small Business Owners Defrauded
A criminal group based in Vietnam that carried out a "no-show scam" targeting small business owners in South Korea and defrauded them of approximately 24 billion won has been repatriated and placed under arrest.
On August 13, Yeonsu Police Station in Incheon announced that seven members of the organization, including their ringleader, a man in his 40s identified as Mr. A, had been arrested and detained on charges of fraud and forming a criminal organization.
According to investigations, Mr. A and his accomplices had been operating out of Bac Ninh Province, Vietnam for several months, randomly calling small business owners in South Korea, impersonating officials from public institutions or military units, and asking them to make proxy purchases of various goods. The victims were then induced to transfer funds to accounts controlled by the criminals.
Police stated that over 630 small business owners in South Korea fell victim to this type of no-show scam, with total damages reaching approximately 24.3 billion won.
Members of a 'no-show scam' group are being repatriated to Korea. Photo by Yeonsu Police Station, Incheon
View original imageThe investigation, which began in February, led police—working jointly with the National Intelligence Service and judicial authorities in Vietnam—to apprehend Mr. A and the six other members. They were extradited to South Korea and all were taken into custody. In addition, three South Korean nationals who had escaped from the fraud ring were safely repatriated.
The police are pursuing further charges of forming a criminal organization against the seven suspects and are investigating additional offenses. They also plan to trace and recover criminal proceeds by tracking hidden assets.
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A police official stated, "Public institutions or companies do not request proxy purchases or advance payments," urging the public to always verify the facts with the relevant institution before proceeding with any transactions.
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