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Korean Businessman Robbed of $200,000 While in Traffic

Korea Daily, Posted: Jun 14, 2008

Los Angeles-- Korean business owner on his way to a local bank, was robbed of $200,000 in cash and checks at gunpoint on a busy street in downtown Los Angeles on June 11 by three young men, reports Korea Daily. The crime occurred around 8:00 a.m. near 12th and Wall streets, an area saturated with immigrant-owned wholesale and retail clothing stores. The Korean businessman, driving a SUV, stopped at a red light when a gray or blue Honda Odyssey pulled up next to him. Three young men rushed out from the van and approached the SUV. One, armed with a handgun, opened the drivers side door, reached in, grabbed a bag with $100,000 in cash and $100,000 in checks, and then returned to their car and sped off. The victim tried to follow, but the gunman fired and the SUV crashed. The victim was unhurt. LA Police Department told the Korean newspaper the robbery seemed committed by someone who knew about the victims daily trip to a bank.

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