With the amount of money this guy was able to fraud people out of, it seems it would be really easy for him to bribe people to fake his death:

The purported death of Cho Hee-pal, the mastermind behind South Korea’s largest-ever fraud case, returned to the spotlight as his close aide was arrested in China last week, with fresh testimonies suggesting he is actually still alive.

Cho is one of the most-wanted conmen in South Korea, having allegedly scammed up to 50,000 people out of an estimated 4 trillion won ($3.5 billion) in a pyramid marketing scheme.

The purported death of Cho Hee-pal, the mastermind behind South Korea’s largest-ever fraud case, returned to the spotlight as his close aide was arrested in China last week, with fresh testimonies suggesting he is actually still alive.

Cho is one of the most-wanted conmen in South Korea, having allegedly scammed up to 50,000 people out of an estimated 4 trillion won ($3.5 billion) in a pyramid marketing scheme.  [Korea Herald]

You can read the rest at the link, but just think the $3.5 billion this guy swindled people out of is nothing compared to the $18 billion Bernie Madoff swindle people out of the in the US.  At least Madoff is sitting in jail unlike Cho who likely still living freely in China.