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Korean tagged in alleged investment scam arrested

CEBU CITY – A Korean was detained to face charges of qualified theft and syndicated estafa for duping several individuals into shelling out their money in bogus investments.

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Park Jung Kwan, 42, was arrested by agents of the National Bureau of Investigation in Central Visayas (NBI-7) on Friday based on the complaints filed against him.

Patricio Bernales, NBI-7 regional director, said some of the complainants were Koreans.

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He said they had yet to determine the amount duped by Park from the victims.

“But it’s quite a lot due to the numerous complaints,” Bernales explained.

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TAGS: Crime, Global Nation, investment scam, Park Jung Kwan
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