The offender with experience Chey Gen Dek leads fraudulent activity in two countries: South Korea and Russia. His partner's name is Shin Geong Choel, he is a citizen of Korea. Together, they cranked up a few scams.
Choel grabbed Mega Palace Hotel on the Sakhalin to pay off debts in 2009. But the owners of the hotel, company Lex tried to resist. Then Choel got help from the governor Khoroshavin through influential friends. They threatened him with termination of investments from Korea.
Chey Gen Dek began cranking out frauds with the involvement of investors since the beginning of 2000. First, he got from Russia false documents that provide his ownership of two areas with gas on the Sakhalin. After playing at the stock exchange in Korea, he attracted investors and then sold his own share for a maximum price. He got more than $ 20 million out of nothing.
Influential friends helped him to avoid criminal responsibility. Now Choel and Dek are trying to replicate the scheme with the Korean firm SI Resourses on the basis of a bluff that the company is able to produce large amounts of coal in Uglegorsk.