1 Billion Phishing Profits Washed With Gift Certificates...Sent to 4 people including the chief.

A group suspected of laundering and delivering criminal proceeds from a Chinese phishing organization with gift cards has been handed over to the prosecution.

Bupyeong Police Station in Incheon sent a man in his 50s in charge of domestic remittance on charges of violating the Communications Fraud Damage Refund Act without detention, including a woman in her 20s.

Mr. A and others are accused of receiving 1 billion won stolen from victims by a Chinese phishing organization for about 3 years from December 2020 and changing it into yuan.

A police investigation found that they sent cultural gift cards to China by purchasing them and cashing them.

Mr. A was found to have committed the crime on the condition that he received 0.5% of the damage from the head of the Chinese phishing organization.

Mr. A fled to China alone and was caught after the Interpol red flag was issued.