Theft/Property — Federal Way, WA — reported 2026-07-07

SUMMARY

A woman pleaded guilty to charges of wire fraud and bank fraud in a scheme that defrauded victims of millions.

KEY FACTS

  • Incident type: Theft/Property
  • Location: Federal Way, WA
  • Date reported: 2026-07-07
  • Suspect: age 53
  • Victim(s): 28 (at least 28 people, mostly from the Korean community, including many elderly people)

REPORTED DETAILS

  • Jenni Yoon Jeong Lee, 53, of Federal Way defrauded victims of over $3 million.
  • Lee posed as an investment advisor and promised safe returns up to 10 percent with no risk.
  • She created shell companies and used victim funds for personal expenses and her gambling addiction.
  • She spent at least $900,000 at casinos and some money was repaid in a Ponzi-like manner resulting in actual losses above $1.5 million.