TechFlow, September 23 — Seoul police reported that a fraud gang operating in Pattaya, Thailand, under the name "Lungo Company," has been arrested. The group defrauded 878 South Korean victims through romance scams, cryptocurrency schemes, and other methods, amassing approximately 21 billion KRW (about 150 million USD) over one year. The ringleader and eight core members are currently detained by Thai authorities pending extradition. Police are further investigating the source of the group's data and the flow of funds.
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