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The Bureau of Immigration (BI) arrested five South Korean nationals for their alleged involvement in a cryptocurrency investment scam that defrauded victims of more than $2.9 million (around P170 million).
Immigration Commissioner Joel Anthony Viado on Sunday said agents from the BI’s fugitive search unit (FSU) apprehended the suspects on Nov. 16 during a raid at their residences in Alabang, Muntinlupa City.
The suspects were identified as Ha Doo-gyun, 25; Kim Jung-ho, 25; Lee Sun-yeob, 25; Kim Tae-min, 26; and Yun Song-wook, 22.
Authorities allege the group ran a large-scale fraud syndicate through a fake cryptocurrency website, deceiving hundreds of victims into investing more than 4 billion won (approximately $2.
