A female suspect is alleged to have defrauded at least nine victims, and potentially dozens of others, out of millions of dollars in a scam that she has been working for at least the past year.

Police released photo of a woman alleged of defrauding nine victims. (photo courtesy of the LAPD)

On Feb. 1, detectives from the Los Angeles Police Department’s Olympic Division Property Crimes Unit arrested 45 year-old Hyun Mi Kang, also known as Jennifer Kang, for multiple counts of grand theft. Kang reportedly befriended unsuspecting and trusting individuals in the Korean community to gain their trust. Later, she would ask them to invest with her in various business ventures involving property, schools or student loans, promising the victims a substantial return for their investment.

Kang never returned any of the capital she collected, according to investigators. The nine victims who reported the fraud to the police have claimed losses totaling several million dollars, which has not been recovered. Detectives believe there may be many more victims, and is asking for them to contact investigators. Kang is being held on $1 million dollars bail.

Anyone with information is asked to contact Det. Chris Merlo at (213)382-9370. During weekends and off-hours, call the LAPD’s 24-hour, toll-free hotline at (877)LAWFULL.