According to South Korean police,it’sbeen tentativelyestimatedthataround more than 2500 investors that invested aroundninebillions in Shinil Group which claimedto possess a shipwreck containing goldpriceUS $130 Bln.
As initially reported by a local source ‘Korea Herald’, which stated that the investors additionally poured cashon a tokenreferred as Shinil Gold Cointhatthe South Korean firm claimed would be backed by the treasure from thepartof the Russianwar vesselnamed‘Dmitrii Donskoi’. The Russianwar vesselwas runhigh-and-dryoff the South Korean coast by her crew following severeinjurythroughoutcombat withthe Japanesewithin the1904-1905warfare.
Per the police, thecapitalistlossesmay belarger since the current estimation is based on the traders accountssolely,thus so far.
According to the crime investigation Unit Incharge:
“Ifwe discovera lot ofconnectedaccounts ormake surecaseswithin whichinvestors usedmoney,the quantitymaygo up.”
There isadditionallya breakthat the victim countmayfallin step withtheinvestigationpolice department. Mentioning further it was stated that:
“Therange of victimsmaygo down, however, ifwe have a tendency toexclude caseswhereveridenticalperson transferredcashusingtotally differentaccounts.”
As per previous reports, plans by the Shinilclusterto conduct an associateICO weredeclaredintime periodoncethe firmdenoteda video on YouTube alleging that had managedto search outthe Russian warship’spartcontaining 200loads ofgold coins andmore than 5000 boxes of gold bars. Suspicionslike a shotarose primarilyas a result ofthiswasn’tthe primaryalleged discovery of the Russianwar vessel.
Investigations were consequently launched and this culminatedwithin thefirm executivesof the Shinilcluster, The CEO of the company ‘Choi Yong-seok’ is currently beingprohibitedfromleaving out ofthe country.