<Anchor>
Officials of a company that attracted investors by investing in virtual currency, etc. to earn three times the principal are being investigated for fraud.
For more details, this is reporter Hyung-woo Hyung.
<Reporter> This
is a promotional video for QRC Bank, which claims to be a fintech company.
[CEO A / QRC Bank: We will also do business with global partners around the world who are doing business in Cambodia.] We
also used an advertisement on the New York Times Square billboard to promote a listing on the NASDAQ by establishing a virtual currency exchange
.
.
Company representative Mr. A and others attracted investors by saying that it allows you to earn up to 300% of the principal by investing in virtual currency.
Initially, 0.5% of the investment principal was returned as a return, drawing more investment from investors.
However, after a few months, the revenue was cut off and the answer was that they could not even find the principal.
[Mr. B / Victim of investment (Chinese compatriot): I resisted it at first, but after doing this, money comes out every two months. Now, it's all gone and there's nothing.]
We mainly targeted Chinese compatriots, defectors, and the elderly.
So far, about 300 victims have participated in the lawsuit, and an insider of the company estimated that there were about 5,000 investors and that the amount of damage would amount to hundreds of billions of won.
The police investigation started and the office was raided in March, but the company has been recruiting investors until recently.
When I visited the company, I found that the office had been vacant recently.
[Interior company employee: It has been a little over a week since we started (interior interior design).]
The former employee of this company told reporters, "Most of the investments are far from what they had advertised, from Cambodian business to block chain technology to NASDAQ listing," I put it.
[Attorney Jae-Hong Park / Representative of the victim: Items were just coins, but in the past, they were cosmetics and real estate. Isn't this the most typical multi-level pseudo-receipt scam?]
Mr. A explained that he was trying to compensate investors and that he would faithfully take part in the police investigation.
(Video coverage: Kim Gyun-jong, Oh Young-chun, video editing: Ha Seong-won)