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| ▲This photo, provided by Big Hit Entertainment, shows, group BTS. (PHOTO NOT FOR SALE) (Yonhap) |
SEOUL, July 8 (Yonhap) -- Group of scammers who pulled a 10 billion wons worth of fraud by luring innocent people to invest in their fraud scheme by announcing they would publish BTS's photo book were sentence to prison under fraud charges.
The leading figure of the culprit was sentence to three and a half year in prison; three of the remaining members were sentenced to six months or up to one year in prison or were put into probation, announced Jeju district court on Friday.
Throughout the investigation representative of the investment firm lured peopled into his scam by promising 30 percent of the profit every 3 months. Collectively from 2018 to 2020 scammers pulled 10.9 billion won (roughly about 8.38 million dollars) from 72 of the victims.
Leading figure of the culprit never invested in creating the photo book of BTS nor did he have any authority to do so. Also investigators found out that the leading figure used up all the money on payments or investing in stocks
(This article is translated from Korean to English by Joonha Yoo.)
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