PH to deport Chinese, Korean nationals in bitcoin scam

Rappler.com

This is AI generated summarization, which may have errors. For context, always refer to the full article.

PH to deport Chinese, Korean nationals in bitcoin scam
The suspects convinced victims to purchase non-existent bitcoin with promise of investment returns

MANILA, Philippines – The Bureau of Immigration will deport a Korean and a Chinese national suspected of undertaking a bitcoin scam in the country.

The Manila Bulletin said 48-year-old Korean Go Yongsung and 36-year-old Chinese Lian Lilong, were arrested in separate operations of the Fugitive Search Unit of the Philippine National Police (PNP)

Go was arrested in his Las Piñas residence on September 25 for large-scale fraud. Go, along with 5 Chinese nationals, allegedly defrauded Koreans of $33 million using a pyramid scam from December 2015 to June 2016.

In the scam, they would convince victims to purchase non-existent bitcoin with promise of investment returns. 

Lian, meanwhile, was already wanted by Chinese authorities for economic crimes and was arrested on October 1 in Binondo, Manila.

The two will be deported for being undesirable and undocumented aliens. Their respective governments had already revoked their passports.

The PNP added 4 other Chinese nationals remain at large, though a summary deportation order is already out for them. – Rappler.com

Add a comment

Sort by

There are no comments yet. Add your comment to start the conversation.

Summarize this article with AI

How does this make you feel?

Loading
Download the Rappler App!