Full Recovery of Funds Lost to Cryptocurrency Investment Fraud
- Client Information
- Individual / Party
- Case Details
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The client, residing in a rural area, had little to no investment experience, not even engaging in stock investments. However, at the urging of an acquaintance, they attended a presentation on a cryptocurrency staking business. The client was swayed by the scammer's persuasive language and promises of high returns, leading them to start investing.
Initially skeptical, the client invested 10 million KRW. Two weeks later, the scammer transferred 3 million KRW as “profit” to the client’s account as bait, making the client believe in the profitability of the venture. Convinced it was a once-in-a-lifetime opportunity, the client subsequently transferred a total of 1 billion KRW to the scammer over the next five months. The scammer initially returned 30% of the investment regularly but eventually stopped payments and became unresponsive.
Growing suspicious, the client's family sought assistance from Decent Law Firm.
