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The Luxurious Life of a Gambling Site Operator

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Illegal Gambling Site Operator
$41 Million, Living a Luxurious Life

Source: Busan District Prosecutors’ Office

An illegal gambling site operator who made hundreds of billions of won was arrested by the prosecution.

Several masterpieces by Picasso, Andy Warhol, and Nam June Paik, a pile of luxury bags, and supercars worth $3 million were found in the house of the arrested ringleader, causing a shock. The 40-year-old male homeowner is a domestic ringleader who laundered black money. The gang laundered the money they made from 16 gambling sites by receiving about $450,000 every day through 100 dummy bank accounts.

They were living a luxurious life pretending to be successful businessmen with stacks of cash they laundered from the gambling site in bundles of about $40.00 bills.

Source: Busan District Prosecutors’ Office

The prosecution handed over to trial nine people, including the 40-year-old male ringleader, who are believed to have laundered or managed about $41 million in black money over four years since 2018.

They also requested Interpol to issue a red notice for the arrest of an illegal gambling site operator in his 30s who fled overseas.
The head of the violent crime investigation at the Busan District Prosecutors’ Office said, “The gang laundered money in a quite intelligent way, such as acquiring a tire company for $10.5 million and investing and recovering $17.2 million in redevelopment projects.”

The prosecution froze 97% of the criminal proceeds, which is about $40 million. Netizens who read this article left comments saying, “Tax the confiscated money and take more,” “Will they do it again after coming out of prison?” and “I can’t believe there are so many people who gamble.”

By. Ji Myoung Han

tenbizt
content@www.kangnamtimes.com

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