[REVISION HISTORY]

Cyber fraud and money laundering rings in Vietnam

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2026-09-15 11:07 UTC → 2026-09-15 11:23 UTC · added ~~removed~~

Authorities in Vietnam have dismantled large-scale criminal networks involved in cyber fraud, money laundering, and the illegal sale of personal and bank account data. In Da Nang, the People's Procuracy has indicted 97 defendants, including leaders Trang Quang Trung, Bùi Trọng Tấn, and Lê Thị Mỹ Duyên, for their roles in a transnational ring facilitating money laundering for criminal organizations in Cambodia. The group allegedly forged documents to establish between 670 and 1,101 “ghost” companies to bypass biometric authentication and open business accounts. These shell entities were used to process suspicious, high-frequency transactions totaling nearly 68 billion VND, alongside over 43.5 million USD, 1.5 million EUR, and 1 million CAD. The defendants face charges including money laundering, forgery, and using computer networks to appropriate property. In Quang Ninh, police dismantled a separate cybercrime ring estimated to have misappropriated more than 1,000 billion VND. Following an investigation that began in February ~~2026,~~ 2026 after reports from eight citizens regarding losses of 160 million VND, authorities arrested 21 suspects involved in fraud and the illegal sale of personal data. The group reportedly purchased data from Telegram groups to target victims with tailored scam scripts. To evade detection, suspects operated out of rented ~~accommodations~~ accommodations, including apartments, homestays, and houses, and moved frequently between provinces. During the operation, police seized ~~various electronic devices,~~ 83 mobile phones, 7 computers, 266 million VND in cash, and ~~over 3,353~~ 3,353.07 USDT.

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