Wanted Korean fraudster behind bars

A South Korean fugitive wanted for his alleged role in a major telecommunications and cryptocurrency fraud was arrested in Makati City, the Philippine National Police (PNP) announced Monday.

The 32-year-old suspect, who was the subject of an Interpol Red Notice, was apprehended along Malugay Street in Barangay Bel-Air during a joint operation by the PNP, the Bureau of Immigration, the Presidential Anti-Organized Crime Commission, and the Korean National Police Agency.

Authorities say the suspect orchestrated a complex scam that defrauded 75 victims overseas through fraudulent investment and cryptocurrency schemes.

“This accomplishment demonstrates the effectiveness of our collaborative efforts with international partners,” said PNP Chief Police General Jose Melencio C. Nartatez Jr. “When we work together, we can hold criminals accountable more quickly, even in cross-border cases.”

Investigators reported that the suspect could not present valid travel or immigration documents at the time of his arrest.