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[SITUATION] · [ACTIVE] · [CRIME]

3 clusters · 13 sources · 10 days · First seen · Last updated

Financial crime investigations in Thanh Hoa

Overview

Authorities in Thanh Hoa have conducted major investigations into distinct large-scale fraudulent operations. In one instance, provincial police launched an investigation into a massive tax evasion ring involving the fraudulent use of Point of Sale (POS) terminals. The group allegedly processed approximately 15,000 trillion VND in fictitious transactions by exploiting business information to register bank accounts and obtain machines through intermediaries. The scheme facilitated credit card cash withdrawals and debt settlements under the guise of legitimate commerce, with police seizing thousands of credit cards and hundreds of POS machines. Authorities have summoned 30 individuals in Thanh Hoa and Hanoi for questioning.

Separately, police dismantled a transnational cyber fraud ring operating from a hotel in Nghi Son. Led by a Chinese national, Zhao Xuefeng, the organized syndicate utilized a structured departmental system to target victims in several countries, including Taiwan, South Korea, Japan, India, the United States, and China. The group employed various tactics, such as impersonating investment professionals for cryptocurrency and stock scams, as well as fake job recruitment and online sports betting schemes. Following the investigation into the ring at the Van Hoa Hotel, authorities arrested 118 individuals and initiated prosecution against 84 suspects.

In a related development, the Criminal Police Department and Thanh Hoa police arrested 113 foreign nationals involved in a transnational online fraud and gambling syndicate. Initial investigations indicate approximately 50 billion VND was misappropriated. This crackdown follows warnings from the Ministry of Public Security regarding criminal organizations shifting operations from Cambodia, Myanmar, and Laos into Vietnam. Further details regarding the Van Hoa Hotel operation reveal that Chinese nationals collaborated with Vietnamese individuals to establish Kinh Vi Space Co., Ltd. to lease hotel facilities for fraudulent activities. The group utilized computers, telecommunications, and electronic devices to conduct online scams and illegal gambling.

Entities

Thanh Hóa Provincial Police · Nghi Son · Van Hoa Hotel · Ministry of Public Security · Zhao Xuefeng

Claims

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

Coverage disagrees

Sources make claims that cannot both be true. CLSTR reports the disagreement; it does not decide who is right.

  • "Police arrested 113 foreign nationals in Thanh Hoa province." baolaocai.vn · cafef.vn · soha.vn · cafebiz.vn · vtv.vn

    vs

    "Police arrested 118 individuals in connection with the ring." tienphong.vn

    The claims provide different numbers for the total number of individuals arrested (113 foreign nationals versus 118 individuals).

  • "Police arrested 118 individuals in connection with the ring." tienphong.vn

    vs

    "Authorities initiated prosecution against 84 suspects." tienphong.vn

    The claims provide conflicting numbers for the number of people involved in the legal proceedings (118 arrested versus 84 suspects being prosecuted).

Timeline

  1. [CRIME] 11 sources
    Thanh Hoa police dismantle transnational fraud ring

    Vietnamese police dismantled a transnational fraud ring in Thanh Hoa, arresting 113 foreign nationals operating from a local hotel using specialized equipment to target international victims.

  2. [CRIME] 6 sources
    Thanh Hoa police dismantle transnational cyber fraud ring

    Thanh Hoa police dismantled a transnational cyber fraud ring led by a Chinese national, arresting 118 people and targeting victims in multiple countries through fake investment and job scams.

  3. [CRIME] 7 sources
    Thanh Hoa police investigate 15,000 trillion VND POS fraud ring

    Thanh Hoa police are investigating 30 individuals for a massive tax evasion scheme using POS machines to process 15,000 trillion VND in fictitious credit card transactions.

Sources

afamily.vn · baolaocai.vn · cafebiz.vn · cafef.vn · kenh14.vn · kienthuc.net.vn · nhandan.vn · soha.vn · thanhnien.vn · tienphong.vn · tuoitre.vn · vietnamplus.vn · vtv.vn

This summary has been updated 4 times: see revision history