Thai authorities have busted a $15 million criminal enterprise that victimized over 870 South Koreans, in what one expert calls a case study of “multi-layered laundering.”
The Seoul Metropolitan Police Economic Crime Investigation Division announced Monday the arrest of 25 members of “Lungo Company,” a fraud ring that deployed multiple scam tactics, including romance schemes, crypto fraud, and fake lottery compensation offers.
Thai police separately detained the ringleader and eight core members, who remain in custody pending extradition to South Korea, according to a local media report.
“Unlike previous crime rings that usually relied on a single method, this group used multiple tactics in a systematic way,” a police official…
Sep 23 2025
