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๐Ÿ‡ฐ๐Ÿ‡ท South Korea /Crime & Justice

Prosecutors Recover 30 Million Won for Voice Phishing Victim

From Hankyoreh · () Korean

Translated from Korean, summarized and contextualized by DistantNews.

At a glance

News Official statement Outcome reported
  • A victim of a loan scam voice phishing scheme has recovered 30 million won (approximately $21,000 USD).
  • The victim had lost their retirement savings and tuition money, facing bankruptcy.
  • Prosecutors initiated a supplementary investigation after hearing the victim's plea, tracing the funds through complex laundering schemes to secure their return.

A victim of a sophisticated loan scam voice phishing operation has successfully recovered 30 million won (approximately $21,000 USD) after losing their retirement savings and their child's tuition fees, pushing them to the brink of bankruptcy. The Seoul Northern District Prosecutors' Office announced on Tuesday that five individuals involved in the scam, including money launderers, have been indicted, and the seized funds have been returned to the victim.

The prosecution launched a supplementary investigation following the victim's desperate plea: "I lost my retirement fund, and in trying to cover it, I took out loans only to lose my child's tuition money to voice phishing. I am on the verge of bankruptcy; please help me find my money."

Prosecutors meticulously traced the flow of the victim's money, analyzing scattered related cases. They discovered that the victim's funds had been seized as evidence in a separate case involving a "secondary money launderer" who was already facing trial for other voice phishing crimes. The complex structure of the voice phishing organization, which involved multiple stages of fund splitting and laundering, had entangled the victim's money with unrelated criminal proceeds.

I lost my retirement fund, and in trying to cover it, I took out loans only to lose my child's tuition money to voice phishing. I am on the verge of bankruptcy; please help me find my money.

โ€” VictimDescribing their dire situation to prosecutors, prompting a supplementary investigation.

Following this discovery, the prosecution additionally charged the secondary money launderer and their associates with voice phishing related to this victim's case. Through a process of re-seizing the misappropriated funds, the prosecution successfully completed the restitution procedures, returning the 30 million won to the victim.

The Seoul Northern District Prosecutors' Office stated, "We will continue to fulfill our legal responsibilities as representatives of the public interest, going beyond the mere punishment of criminals to ensure the substantial recovery and protection of victims."

We will continue to fulfill our legal responsibilities as representatives of the public interest, going beyond the mere punishment of criminals to ensure the substantial recovery and protection of victims.

โ€” Seoul Northern District Prosecutors' OfficeStating their commitment to victim support and recovery.
DistantNews Editorial

Originally published by Hankyoreh in Korean. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.