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Korean Woman Earns $1.2 Million in Yongsan Scam

 
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mountainous



Joined: 04 Sep 2007
Location: Los Angeles

PostPosted: Sun May 25, 2008 1:52 am    Post subject: Korean Woman Earns $1.2 Million in Yongsan Scam Reply with quote

Older article, still a great read: http://rokdrop.com/2005/03/24/korean-woman-earns-12-million-in-yongsan-scam/

A Korean woman earned herself $1.2 million dollars by illegally signing people on to the installation, according to the Stars and Stripes:

A 48-year-old South Korean woman was arrested Tuesday on charges of using her access to Yongsan Garrison to charge entrance fees in exchange for signing in almost 180 South Koreans during the past three years to gamble, according to Seoul police.

The woman has been accused of charging each person 30,000 won ($30) for access an estimated 900 times between April 2002 and January 2005, and the numbers could be higher, said Chief Detective Jang Sung-yoon, who works in the foreign affairs section of the Seoul Police.

The woman is officially charged with running an illegal currency exchange business, in which she charged interest while exchanging won and dollars, Jang said. The police found a bank account in her name containing more than 1.2 billion won, or $1.2 million, he said.

The woman, whom Jang would identify only by her last name, Kim, gained access to base through her membership in the Korean-American Association, Jang said. He said Kim never had worked on base or for U.S. Forces Korea.

To gain access to a USFK facilty an ID card holder only needs to sign that guest on to post and the guest gives up their ID card until they are signed out by midnight that same night. This whole scam is really amazing. The fact that illegal gambling is going on isn�t amazing, what is amazing is how much money she made signing people on to post. $1.2 million dollars and signing in 900 people in 3 years!? How the heck didn�t anybody notice she was signing in all these different people all the time?

The biggest question I am concerned about is force protection. If USFK has a curfew because of all the terrorists lurking in Itaewon just waiting to get us than you would think access to the camp would be much tighter. Heck the terrorists can get on camp for $30 and bomb us there too unless they get caught up to long on a slot machine. Maybe soldiers are safer in Itaewon after all?
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JustJohn



Joined: 18 Oct 2007
Location: Your computer screen

PostPosted: Sun May 25, 2008 2:47 am    Post subject: Reply with quote

Interesting story but 30 x 900 = 27,000.

That's 1,173,000 worth of missing math, and I'm rather curious about that missing chunk.
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mountainous



Joined: 04 Sep 2007
Location: Los Angeles

PostPosted: Sun May 25, 2008 3:08 am    Post subject: Reply with quote

JustJohn wrote:
Interesting story but 30 x 900 = 27,000.

That's 1,173,000 worth of missing math, and I'm rather curious about that missing chunk.


Yep, the article says that she was also:

Quote:
running an illegal currency exchange business, in which she charged interest while exchanging won and dollars


more likely she was charging a commission...
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JustJohn



Joined: 18 Oct 2007
Location: Your computer screen

PostPosted: Sun May 25, 2008 3:15 am    Post subject: Reply with quote

Yeah, but look what the article says:

mountainous wrote:
A Korean woman earned herself $1.2 million dollars by illegally signing people on to the installation, according to the Stars and Stripes



They've obviously got their story mixed up a bit. I'm just wondering where.
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Julius



Joined: 27 Jul 2006

PostPosted: Sun May 25, 2008 4:38 am    Post subject: Reply with quote

And what will be her penalty i wonder.

Financial crimes appear to be more admired here than they are punished. This is a country where the president gets away with his BBK episode and corrupt businessmen are regularly released from jail to "boost the economy".
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petethebrick



Joined: 25 Jul 2006

PostPosted: Mon May 26, 2008 1:52 am    Post subject: Reply with quote

JustJohn wrote:
Interesting story but 30 x 900 = 27,000.

That's 1,173,000 worth of missing math, and I'm rather curious about that missing chunk.


Well its actually 30,000 x 900 = 27,000,000won
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Young FRANKenstein



Joined: 02 Oct 2006
Location: Castle Frankenstein (that's FRONKensteen)

PostPosted: Mon May 26, 2008 2:28 am    Post subject: Reply with quote

petethebrick wrote:
JustJohn wrote:
Interesting story but 30 x 900 = 27,000.

That's 1,173,000 worth of missing math, and I'm rather curious about that missing chunk.


Well its actually 30,000 x 900 = 27,000,000won

Whether you calculate using won, or John calculates using dollars, the result is STILL more than a million short of the $1.2million figure in the title.
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ajgeddes



Joined: 28 Apr 2004
Location: Yongsan

PostPosted: Mon May 26, 2008 2:54 am    Post subject: Reply with quote

petethebrick wrote:
JustJohn wrote:
Interesting story but 30 x 900 = 27,000.

That's 1,173,000 worth of missing math, and I'm rather curious about that missing chunk.


Well its actually 30,000 x 900 = 27,000,000won


Hahahahahaha
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CentralCali



Joined: 17 May 2007

PostPosted: Mon May 26, 2008 4:47 am    Post subject: Reply with quote

I was just on USAGY a couple of weeks ago. The slot rooms now have a person posted at the entrance to check identification cards. Non-SOFA personnel cannot enter the slot rooms now. All along, it was not permissable for them to be there; however, the regulation was loosely enforced.

Didn't bug me or my guests as none of us gamble anyway! Very Happy
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blaseblasphemener



Joined: 01 Jun 2006
Location: There's a voice, keeps on calling me, down the road, that's where I'll always be

PostPosted: Mon May 26, 2008 2:43 pm    Post subject: Reply with quote

There is gaming operations on U.S. bases in Korea?

That seems inappropriate to me, but I'm not an American.

Also, is there an American-Canadian association I can join so I can get on base and get some Taco Bell or shop in the supermarket?
Idea
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CentralCali



Joined: 17 May 2007

PostPosted: Mon May 26, 2008 6:24 pm    Post subject: Reply with quote

blaseblasphemener wrote:
There is gaming operations on U.S. bases in Korea?

That seems inappropriate to me, but I'm not an American.


Yes, there are gaming operations. Specifically, there are slot machines. They're considered MWR operations and thus cycle whatever profits garnered back into MWR activities to benefit the military community.

Quote:
Also, is there an American-Canadian association I can join so I can get on base and get some Taco Bell or shop in the supermarket?
Idea


If you can get someone to escort you on the base, you can dine to your stomach's content at the Taco Bell or any of the other food outlets, the sole exception being Hartell House. For Hartell House, you'll need a General/Flag Officer or Major Unit Commanding Officer to escort you to that particular club. You still cannot shop at the Post Exchange.
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