In Los Angeles, one woman is believed to have duped at least nine victims, and potentially dozens of others, out of millions of dollars in a scam that she has been working for at least the past year.
On February 1, 2011, Detectives from the Los Angeles Police Department’s Olympic Division Property Crimes Unit arrested 45 year-old, Hyun Mi Kang, also known as “Jennifer Kim,” for multiple counts of Grand Theft. She is being held on $1 million dollars bail.
Kim purportedly befriended unsuspecting and trusting individuals in the Korean community to gain their trust and confidence. Once she had done so she would ask them to invest with her in various “business ventures” that involved property, schools and student loans, promising the investor a substantial return for their investment.
Kim never made good on her promises, and never returned any of the capital she collected. So far nine victims have come forward with losses totaling in the millions of dollars, but Detectives believe there may be many more who have not yet reported being victimized by Kim.
Detectives are continuing their investigation.
