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Active-Duty Police Officer Under Investigation in $2 Million Crypto Mining Scam
yonhap_finance · 2026-09-08
A group including an active-duty police officer is under investigation for allegedly defrauding 17 investors of 2.7 billion won through a fake crypto mining scheme.
What Happened
Case Overview: The Gyeonggi Nambu Provincial Police Agency is investigating a group of 16 individuals, including an active-duty police officer, for allegedly running a fraudulent cryptocurrency mining scheme. The suspects are accused of soliciting investments by promising high returns to victims across the country.
Financial Impact: Authorities have identified 17 victims so far, with total losses amounting to approximately 2.7 billion won. The investigation began in May 2024 following an initial complaint and has since expanded as more victims have come forward.
Investigation Status: Investigators are currently tracing the flow of illicit funds and examining the specific roles of each suspect, including the officer involved. The officer, identified as a police inspector, has been relieved of his duties pending the outcome of the probe.
Legal Implications: The suspects face charges under the Act on the Aggravated Punishment of Specific Economic Crimes and the Door-to-Door Sales Act. Police are continuing to look for additional accomplices and plan to finalize the case based on the evidence gathered.