Incheon Realtor Couple Accused in 2 Billion Won Home Resale Fraud Case

Police in Incheon have opened an investigation after a complaint alleged that a married couple of licensed real estate agents failed to return promised profits and principal to property investors. According to Incheon Michuhol Police Station on the 14th, the couple is accused of recruiting investors by saying homes could be resold to migrants, causing alleged losses of about 2 billion won. The complaint reportedly cites suspected fraud and violations of the law regulating similar deposit-taking activities. The investigation is expected to confirm the damage amount and whether charges apply. Source: mk.co.kr