Choi Yong-seok, chief executive of Shinil Group, with a model of the Russian Navy’s Dmitrii Donskoi at a press conference on a “Russian treasure ship”, in Seoul, on July 26, 2018. Picture: AFP

Russian shipwreck and a South Korean crypto scam – how investors were fooled by promise of US$133 billion sunken treasure

  • When the wreck of the Dmitrii Donskoi was supposedly discovered by a South Korean company, investors jumped aboard to get a share of US$133 billion of gold. The only problem? It has never materialised
Topic |   Scams and swindles

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Choi Yong-seok, chief executive of Shinil Group, with a model of the Russian Navy’s Dmitrii Donskoi at a press conference on a “Russian treasure ship”, in Seoul, on July 26, 2018. Picture: AFP
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