Operatives of the Bureau of Immigration (BI) arrested a South Korean national wanted for fraud after he was found posing as a Filipino using falsified documents.
Authorities identified the suspect as Kim Yong Cheol, who was arrested along the Tagaytay–Nasugbu Highway in Barangay Niyugan, Laurel, Batangas.
The arrest followed reports that the foreign national had been using fictitious identities to carry out fraudulent activities.
Investigators said Kim assumed a Filipino identity supported by falsified civil registry documents and a Philippine passport.
Korean authorities said he allegedly defrauded victims in 2009 by claiming his company operated a gaming firm, travel agency, and online shopping platform in the Philippines.
He reportedly promised investors returns of 250% to 450%, enabling him to obtain more than KRW1 billion, or about P39 million, from victims.
