Major illegal gambling website in Korea brought down

South Korean authorities have arrested two major players in an illegal gambling website, pulling in a total of 4.6 billion won (US$3.9 million) since its opening in Oct. 2014, local media reports.

The National Police Agency said it arrested the CEO and website manager, who ran an illegal website which allowed members to bet on fluctuations in Korea’s composite stock price index 200.

The total amount of money exchanged amounted to 14.5 billion won, according to police.

Police caught wind of the website when an employee began sending texts and emails to members pretending to be the cyber bureau of the National Police Agency.

Those receiving the messages got in touch with the bureau’s IT financial crimes investigation team, which led to the arrests.

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