Dak Lak police investigation of financial fraud

Dak Lak Provincial Police have initiated a criminal case and prosecuted two individuals, N. T. X and N. T. M, for the illegal collection and trading of bank account information. Both suspects have been placed under house arrest.

Investigations revealed that N. T. X used social media to facilitate the scheme, purchasing SIM cards to register bank accounts and selling login credentials to unknown individuals for approximately 1.5 million VND per account per month. N. T. X subsequently recruited N. T. M into the operation.

N. T. M assisted by obtaining accounts through relatives and purchasing information from six other individuals for 1 million VND per account per month to resell to N. T. X. Between February and June 2024, N. T. M traded information for 25 accounts belonging to eight people, while N. T. X traded information for 50 accounts belonging to 13 people.

Authorities have warned that criminals frequently use social media to solicit the renting, borrowing, or purchasing of bank accounts, often offering small payments in exchange for access.