Da Nang Police arrest individual for alleged fraud

Da Nang Police have issued a detention warrant for Pham Nhat Tuan, born in 2004, following allegations of fraudulent appropriation of property.

According to initial investigations, Tuan engaged in cryptocurrency and stock investments through a Telegram group named “Rocket” and the website bybois.com starting in April 2024. After incurring continuous losses, Tuan reportedly borrowed approximately 2 billion VND in principal and interest from over 10 individuals, credit applications, and banks between July 2025 and February 2026.

On March 23, 2026, Tuan allegedly targeted an acquaintance, L. V. H. L., after noticing large fund transfers in the individual's bank account during a video call. By providing false information to gain trust, Tuan reportedly misappropriated 1.4 billion VND from the victim. Authorities are continuing to investigate the case and other related individuals.