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South Korean Illegal Casino Scam Uncovered

10 January 2005

SOUTH KOREA – As reported by the Korea Times: "Investigators have uncovered a group of eight swindlers who allegedly tricked two people out of about 1 billion won (US$947,779) during an illegal casino game.

"A joint team of the prosecution and police said Monday it has arrested and prosecuted three of the fraudulent gambling ring on a charge of defraud, including a former gang member identified by his family name Chong, aged 54.

"…The investigation team also indicted the president of a foreigner-only casino in a hotel on Cheju Island without physical detention for illegally leasing a Baccarat game table at his casino to the ring. He was identified by his surname Kim, 41.

"A 33-year-old casino worker, identified as Hyun, was also indicted on similar charges.

"The swindling ring borrowed a Baccarat game table at the casino for two days in August and September last year and swindled two locals, identified by their last names An and Kim, out of just over 1 billion won during the card game.

"The defrauders met the victims at Kangwon Land, the nation's only casino for locals in Kangwon Province, and invited them to Cheju Island for golf.

"Two members of the two members of the criminal ring wore casino uniforms, one as a regular dealer and the other as manager, to fool the victims into thinking they were playing at a normal table.

"…The dealer controlled the game with a set of playing cards that had been arranged in a certain order, while other accomplices participated in the game and urged the victims to bet larger sums. The victims lost 900 million won during five hours of playing.

"The ring lent the money to the victims by using bounced checks, in order to make them loose more money. The fraud was disclosed while the swindlers were trying to collect the money…"

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