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Cops Bust $67M Money Laundering Ring | South Korea News

Cops just smashed a massive money laundering ring that funneled over $67 million in illicit cash—stolen from fraud victims via fake stock deals and used goods scams. This crew didn’t pull the scams themselves; they cleaned the dirty money, disguising it as legit business transactions through shell companies pretending to sell gift certificates. Operating for nearly a year, they earned commissions by turning hot cash into checks and deposits, fueling a whole underground ecosystem of crime. Seven suspects, including the alleged boss, are now in custody as authorities dig deeper into this…

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