this post was submitted on 04 May 2025
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Back in 2021, my husband was scammed out of 2 billion won. Long story short, he purchased a large plot of land (South Korea). However, the land was located in a mountainous area designated as unfit for development, except for military or public use. Under the Forest Conservation Act, the area was virtually undevelopable, as it was meant to be preserved. Police believe that the real estate group subdivided the mountainous land into smaller lots and sold them to over 3,000 individuals, deceiving them by claiming to have insider information about upcoming redevelopment in the area.

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[–] stoy@lemmy.zip 5 points 14 hours ago (4 children)
[–] GoodLuckToFriends@lemmy.today 3 points 12 hours ago

I hate to link to a subreddit, but use a mirror and you can avoid the ick. https://www.reddit.com/r/eliomotors

They have a few folks there who keep the 'story' alive and poke fun at themselves for once believing.

[–] entwine413@lemm.ee 2 points 13 hours ago* (last edited 13 hours ago)

An electric car company that took deposits and didn't deliver cars.

[–] dragnucs@lemmy.ml 2 points 13 hours ago

Never heard of it. But as the author puts (money without a product) it sound like an MLM scam.