Phu Tho police dismantle transnational money laundering ring

money laundering cryptocurrency fraud transnational crime cybercrime Phu Tho

Phu Tho police, in coordination with the Ministry of Public Security and the Japanese National Police Agency, have dismantled a sophisticated transnational money laundering ring. The operation targeted high-tech, anonymous criminal activities involving the fraudulent takeover of corporate accounts in Japan.

On March 10, 2025, a group of foreign nationals impersonated bank employees to defraud 15 Japanese citizens. The victims transferred approximately 707 million Yen (equivalent to 117 billion VND) into three bank accounts managed by the fraud group: Deep Impact, Venture Investors, and Luna Development.

To conceal the illicit funds, the criminals converted the money into cryptocurrencies, such as USDT and ETH, before transferring them to foreign criminal entities. The ring utilized numerous intermediary accounts to obscure the money trail. Authorities have prosecuted seven individuals in connection with the money laundering and illegal cross-border currency transfer operations.

Entities

Cần Thơ Police · Deep Impact · Japan · Japan National Police Agency · Luna Development · Ministry of Public Security · National Police Agency of Japan · Nguyễn Văn Nam · Phantom · Phú Thọ Provincial Police · Royal Cambodian Police · Venture Investors

Claims

What the coverage asserts, and how many sources carry each claim.

[● 3 SOURCES] The stolen funds were transferred to accounts managed by the fraud group, including Deep Impact, Venture Investors, and Luna Development. doanhnghiephoinhap.vn · nhandan.vn · cafef.vn
[● 4 SOURCES] Seven individuals have been prosecuted for money laundering. doanhnghiephoinhap.vn · nhandan.vn · cafef.vn · soha.vn
[● 4 SOURCES] Participants in the money laundering chain earned illicit profits of 1-2% per transaction. doanhnghiephoinhap.vn · nhandan.vn · cafef.vn · soha.vn
[● 4 SOURCES] The ring used bank accounts and crypto assets to launder money. doanhnghiephoinhap.vn · nhandan.vn · cafef.vn · soha.vn
[● 4 SOURCES] The criminals converted the stolen funds into crypto assets like USDT and ETH to move them to foreign criminal groups. doanhnghiephoinhap.vn · nhandan.vn · soha.vn · cafef.vn
[● 4 SOURCES] On March 10, 2025, 15 Japanese citizens were defrauded of approximately 707 million Yen (117 billion VND). doanhnghiephoinhap.vn · nhandan.vn · soha.vn · cafef.vn
[● 4 SOURCES] The criminal group used multiple intermediary accounts and cryptocurrency transactions to conceal the movement of funds. doanhnghiephoinhap.vn · nhandan.vn · soha.vn · cafef.vn
[● 4 SOURCES] The stolen funds were transferred to three bank accounts managed by Deep Impact, Venture Investors, and Luna Development. doanhnghiephoinhap.vn · nhandan.vn · soha.vn · cafef.vn
[● 4 SOURCES] Phu Tho police coordinated with the Ministry of Public Security and Japanese authorities to dismantle a transnational money laundering ring. doanhnghiephoinhap.vn · nhandan.vn · soha.vn · cafef.vn