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bassexpander
Joined: 13 Sep 2007
Location: Someplace you'd rather be.
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 Posted: Thu Oct 23, 2008 5:21 am Post subject: Nigerians busted, but money is gone. 9 billion won worth! |
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I'll bet you racial profiling is what caught these guys:
http://english.yonhapnews.co.kr/national/2008/10/23/70/0302000000AEN20081023009000315F.HTML
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(LEAD) 3 Nigerians arrested in Seoul for fraudulent cash withdrawals
혻혻 (ATTN: UPDATES the story with Citibank spokesman's quote; CORRECTS fraud amount in paras 8-9)
SEOUL, Oct. 23 (Yonhap) -- Three Nigerian men were arrested for allegedly withdrawing millions of dollars from Citibank in New York on a forged cash payment request from Ethiopia's central bank, police said Thursday.
혻혻 The suspects, whose names were withheld, were reported to police by one of the local banks in Seoul to which the money had been remitted for their collection, said Han Jeong, head of the foreign affairs investigation department of Yongsan Police Station.
혻혻 "The suspects say they have already handed over most of the money to Ethiopian residents in Korea," Han said.
혻 혻 In August, the suspects sent a forged cash payment request from the National Bank of Ethiopia to the New York headquarters of the U.S.'s largest bank, requesting some of the Ethiopian deposits be sent to bank accounts in several countries, including South Korea, China and Tanzania, police said.
혻혻 Citibank transferred in some 9 billion won (US$6.4 million) in U.S. dollars to four Korean banks in Seoul, and the Nigerians have already withdrawn 8 billion won. The suspects were caught by police while trying to withdraw the remaining 1 billion won from a local Kookmin Bank, Korea's largest lender, which had received a request from Citibank to suspend the payment.
혻혻 "After belatedly discovering that the documents had been forged, Citibank notified the Korean banks," Han said. "A Korean bank clerk thought there was something fishy about them and reported the matter to police."
Two of the suspects were in Korea on a business visa, while another was in the country illegally, Han said.
혻 혻 Police said Citibank officials told them that the forged payment request document had signatures from the chief and the directorial board of the Ethiopian central bank, and that the remittances to several countries totaled as much as US$27 million. Citibank refused to comment on exactly how many countries are involved and whether the banking fraud has also been detected there.
혻혻 "We are working closely with the police in their investigation and expecting prompt results," Lee Yong-shik, spokesperson for Citibank's Korean branch, said.
혻혻 Police said they have yet to investigate whether the fraud could extend into a global financial scam or how the document forgery involving the central bank was possible in the first place.
혻혻 [email protected] |
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The Grumpy Senator
Joined: 13 Jan 2008
Location: Up and down the 6 line
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| Posted: Thu Oct 23, 2008 5:54 am Post subject: |
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Some guy tries to withdraw a million dollars from a bank account that has payments suspended by the original bank and you are blaming racial profiling?
C'mon, you are looking for things to blast Korea on. Read the article with an open mind and not just to find something wrong with Koreans. |
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Troll_Bait
Joined: 04 Jan 2006
Location: [T]eaching experience doesn't matter much. -Lee Young-chan (pictured)
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| Posted: Thu Oct 23, 2008 6:02 am Post subject: |
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Ha! I told you!
http://forums.eslcafe.com/korea/viewtopic.php?p=1804617&highlight=#1804617
| Troll_Bait wrote: |
| bangbayed wrote: |
| Not sure I get your argument, bassexpander. Is it going underground or not? The way you seem to define 'underground' seems to suggest that there is no difference between 'underground' and 'aboveground' (won't be harder for police or common men to find). But yet you say it's 'having an effect'. I assume you just mean less visible on the streets? A bit confusing. |
I'm confused, too. He continues to ignore clear evidence that the crackdown is having the same effect on prostitution that Prohibition had on alcohol consumption.
| Eedoryeong wrote: |
I wonder what made them decide they wanted to finally get around to this? Somebody stiffed a cop his monthly bribe?
I still remember hearing about the thousands of sex workers protesting in front of City Hall back in 2005, and the hunger strikes for self-determination. What could make the police turn around and do something that the global women's conference in Seoul couldn't make them do? |
The crackdown on an-mas (massage parlours) in Jangan-dong was because the Renters' Association complained to the police. They felt that the an-mas were decreasing the value of their property. The police are obligated to respond to complaints.
The area around Itaewon's Hooker Hill has become a haven of Nigerian crime, mostly stolen credit card-related.
The red-light district in Yongsan sits on some of the most expensive real estate in all of Korea, even more expensive than some areas of Gangnam (Kangnam). The prostitutes are obstacles to the latest "Hub of Asia" mega-project.
These are just some of the real reasons for the latest "crusade against immorality." |
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Bibbitybop
Joined: 22 Feb 2006
Location: Seoul
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| Posted: Thu Oct 23, 2008 6:02 am Post subject: |
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| Bassexpander, you are the new Real Reality. Or are you the original? |
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bassexpander
Joined: 13 Sep 2007
Location: Someplace you'd rather be.
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| Posted: Thu Oct 23, 2008 6:26 am Post subject: |
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I was just joking around. But I'll tell you one thing...
... there be about 7 million dollars hidden in apartments in Haebangchong. |
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The Grumpy Senator
Joined: 13 Jan 2008
Location: Up and down the 6 line
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| Posted: Thu Oct 23, 2008 6:27 am Post subject: |
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| I'll meet you there!!!! |
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bassexpander
Joined: 13 Sep 2007
Location: Someplace you'd rather be.
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| Posted: Thu Oct 23, 2008 6:49 am Post subject: |
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And I'm very serious about that, too. These guys said the money has disappeared into the Nigerian community in Korea. That means the lower hooker-hill area (down that little alley where the electrical shop is) or Haebangchong, most likely.
I be some people are going to get wise to this really quick, and there will be explosion of break-ins in that area. If you live in haebangchong, I suggest you lock up damned tight 24/7.
Also keep an eye out for some Nigerians suddenly living the high life. That could mean you've got a couple of million next door! |
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Adventurer
Joined: 28 Jan 2006
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| Posted: Thu Oct 23, 2008 8:32 am Post subject: |
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| How can a bank be so dumb? Need I ask considering the banking crisis those Einsteins got us into? |
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Ultimo Hombre
Joined: 13 Oct 2008
Location: BEER STORE
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| Posted: Thu Oct 23, 2008 8:43 am Post subject: |
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| My friends and I got a Nigerian "travel agent" deported after he to ripped us and about 13 other people off and opened a restaurant with our money. I still to this day don't know why I gave him money. He was sketchy from the get go, but live and learn I guess. Craziest part about Korea is that they can't really bust a lot of these guys because most of what they do are crimes that would go through civil law courts. So the police are powerless over the crimes they commit. The police here seem powerless over pretty much everything here unless it's a noise complaint. |
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madoka
Joined: 27 Mar 2008
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wylies99
Joined: 13 May 2006
Location: I'm one cool cat!
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| Posted: Thu Oct 23, 2008 2:06 pm Post subject: |
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Korean banks hassle English teachers over wiring a million won and then hand Nigerians millions of dollars without even asking for ID. Figures.  |
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gosia
Joined: 10 Jan 2006
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| Posted: Thu Oct 23, 2008 2:22 pm Post subject: |
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| Ummm, that Nigerian travel agent that got deported was back in Korea within four months...He and his wife opened another restaurant, that went bust, and now he's trying for another travel agency in Itaewon... beware... |
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TheChickenLover
Joined: 17 Dec 2007
Location: The Chicken Coop
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| Posted: Thu Oct 23, 2008 4:24 pm Post subject: |
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Nigerians are known worldwide for scams and corruption. Nothing new here.
Chicken |
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Draz
Joined: 27 Jun 2007
Location: Land of Morning Clam
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| Posted: Thu Oct 23, 2008 7:39 pm Post subject: |
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| bassexpander wrote: |
I be some people are going to get wise to this really quick, and there will be explosion of break-ins in that area. If you live in haebangchong, I suggest you lock up damned tight 24/7. |
Do cat burglars read Dave's? |
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Tiger Beer
Joined: 07 Feb 2003
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| Posted: Thu Oct 23, 2008 8:04 pm Post subject: Re: Nigerians busted, but money is gone. 9 billion won worth |
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| Quote: |
| Citibank transferred in some 9 billion won (US$6.4 million) in U.S. dollars to four Korean banks in Seoul, and the Nigerians have already withdrawn 8 billion won. The suspects were caught by police while trying to withdraw the remaining 1 billion won from a local Kookmin Bank, Korea's largest lender, which had received a request from Citibank to suspend the payment. |
I wish Nigerians were more like Canadians...y'know the kind. The ones who do illegal activities openly in bars and such when drunk - smoke pot and such.
I'd be like all cool...and say "hey dude, can I drink some of your beer"...I'd leave my Canadian backpack zipper open...and y'know, like drop a sweet MILL into the bag...and say 'later dudes'! |
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