Immigration officials have arrested a Korean fugitive wanted by the authorities in his country for involvement in a million-dollar investment scam.
Soung Young Ho was cornered in a joint operation by members of Immigration’s Fugitive Search Unit and Korean authorities in Anunas village in Angeles City.
Immigration Commissioner Jaime Morente said Soung will be deported for being an undesirable alien.
He said Soung was the subject of an Interpol red notice and his passport was already undergoing cancellation by the Korean government, making him an undocumented alien as well.
“We were also informed that a warrant for his arrest was issued by the Central District Court in Seoul where he was charged with large-scale fraud,” Morente said, adding the Korean will be placed in the bureau’s blacklist after he is deported.
Immigration said sometime in June 2015, Soung allegedly defrauded a compatriot of more than $1.1 million after inducing the victim to invest in a casino business that purportedly was going to start operation in Clark Field, Pampanga.
He reportedly enticed the victim to give him 1.3- billion won as his supposed share in the business after being promised he would receive half of the profits or revenues that would be earned from the casino operations.
Soung reportedly received the money in 48 installments between August 2015 and September 2017. It turned out, however, that the business did not operate.
Prosecutors said Soung did not intend to return the victim’s money as the profits that he said would be earned from the casino’s operation could not possibly be realized.