Police have arrested a Mr. Wie (46) on November 14 for posing as 16-year-old American professional golfer Michelle Wies close relative and swindling hundreds of millions of won.
According to police, Wie courted investors beginning in late 2004, saying, a Michelle Wie golf course will be constructed in her hometown of Jangheung, Jeonnam, and we will build a shoe sterilizing factory there, which will give a 940 percent rate of return in just four months.
He is suspected of gleaning 14.7 billion won from some 970 investors by promising principal and interest, and embezzling 300 million won outright.
Police reported, Wie introduced himself as Michelle Wies relative and printed pictures of him and Michelle Wie taken together on advertising fliers. Police noted that Mr. Wie was an unacquainted remote relative of Michelle Wies.