BI nabs big-time Korean swindler  

Published March 15, 2019, 12:00 PM

by AJ Siytangco

 

By Jun Ramirez

The Bureau of Immigration (BI) is deporting another South Korean fugitive wanted for swindling nearly a hundred people in three Asian countries through telecommunications fraud that duped victims of more than $500,000.

(MPD / MANILA BULLETIN)
(MPD / MANILA BULLETIN)

BI Commissioner Jaime Morente said operatives from the bureau’s fugitive search unit (FSU) arrested last Wednesday inside his unit at the One Rockwell condominium tower in Makati City 40-year-old Kim Youngin.

Morente said he issued a mission order for Kim’s arrest after the South Korean embassy informed the BI about the fugitive’s crimes.

BI-FSU chief Bobby Raquepo said Kim was also an overstaying alien as he failed to extend his stay since he last arrived in the country as a tourist in August 2015.

Raquepo added that Kim was issued an arrest warrant by a Korean court after he was indicted for large-scale fraud.

Korean authorities alleged that Kim established and headed a voice phishing organization named “Hoon- yi” which engaged in telecommunications fraud in Incheon, Korea; China and Cambodia from April 2012 up to March 2015.

By pretending to be a counselor of a company called D-REX that offered low interest loans to prospective customers, Kim and his cohorts defrauded their victims in the said three countries of more than $530,000.

Investigation also revealed that the syndicate had a database with the personal information of their victims which they utilized to contact and deceive to give them money in exchange for processing their loan applications.

It was further alleged that the fraudsters resorted to voice phishing which enabled them to engage in identity theft and gain access to the private and financial information of their victims.

 

 
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