Police bust illegal Korean gambling ring

    Korean police said on Wednesday that they had busted a crime syndicate that operated an illegal gambling website taking in bets of up to 400 billion won ($390 million), according to the Korea Herald. Police said that the twenty-nine members from five gangs in Gyeonggi Province were involved as store managers and recruiters. The gang operated the game ‘Badugi’ a popular local version of poker. In total the police booked 40 suspects without detention and issued a warrant for custody for three senior gang members including the alleged ringleader surnamed Yang. Investigators alleged that the de facto owner of the illicit site is a former gangster who resides in China. The site’s main server was based in China and charged entry fees as well as service fees for the exchange of currency using bank accounts under borrowed names.