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4 clusters · 22 sources · 19 days · First seen · Last updated

Vietnam fraud and money laundering investigation

Overview

Authorities in Vietnam have moved toward legal action against several high-profile individuals involved in large-scale fraud and money laundering schemes. In one major case, the Hanoi People's Court scheduled a trial for 188 defendants, including Phó Đức Nam (Mr Pips) and Nguyễn Hòa Bình (Shark Bình). The group is accused of operating fraudulent websites that mimicked international forex and stock trading platforms to deceive investors. The investigation alleges the group defrauded investors of approximately 1,600 billion VND and laundered 320 billion VND through dozens of shell companies.

On October 26, the Hanoi People's Court commenced the first-instance trial, presided over by Judge Tran Nam Ha. The proceedings, expected to last 15 days, utilize a combination of in-person and online sessions across three locations to accommodate over 200 defense lawyers and hundreds of victims. Recent details indicate the trial involves 919 victims, nearly 100 related parties, 18 companies, and two banks. Prosecutors allege that the scheme involved creating fake trading platforms using MT4 and MT5 applications where users essentially played against administrators, ensuring organizers profited from user losses.

Phó Đức Nam, the identified ringleader, is accused of orchestrating approximately 920 fraud cases involving more than 1,568 billion VND. He is charged with fraud and money laundering, allegedly using 141 billion VND to purchase 78 one-kilogram gold bars, luxury watches, supercars, and 32 real estate properties. Lê Khắc Ngọ (Mr Hunter) and Nguyễn Thanh Phong are also facing charges of fraud and money laundering. Nguyễn Hòa Bình, Chairman of NextTech Group, is being tried for money laundering, with allegations that he helped process nearly 320 billion VND through his company, Ngân Lượng.

Entities

Nguyễn Hòa Bình · Phó Đức Nam · NextTech Group · Hanoi People's Court · Shark Bình

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.

  • "Phó Đức Nam (Mr Pips) is accused of being the mastermind behind 919 fraudulent cases totaling nearly 1,560 billion VND." baolaocai.vn · cafef.vn · tienphong.vn · thanhnien.vn · afamily.vn · +8 more

    vs

    "Phó Đức Nam (Mr Pips) is responsible for 920 fraud cases totaling over 1,568 billion VND." cafef.vn · soha.vn · tienphong.vn · baolaocai.vn · nhandan.vn · +2 more

    The two claims provide different numbers for the fraud cases (919 vs 920) and different total amounts (nearly 1,560 billion VND vs over 1,568 billion VND) attributed to Phó Đức Nam.

Timeline

  1. [CRIME] 19 sources
    Hanoi Court Trials Mr Pips, Shark Binh in 1,560 Billion VND Fraud Case

    Hanoi courts began the trial of 188 defendants, including Mr Pips and Shark Binh, in a 1,560 billion VND fraud and money laundering case involving fake trading platforms.

  2. [CRIME] 11 sources
    Hanoi Court to Try Mr Pips and Shark Binh in Major Fraud Case

    The Hanoi People's Court will trial 188 defendants, including Mr Pips and Shark Binh, in a massive 1,568 billion VND fraud and money laundering case starting October 26.

  3. [CRIME] 11 sources
    Nguyen Hoa Binh (Shark Binh) faces prosecution for fraud and tax evasion

    Hanoi police have recommended prosecuting NextTech Group Chairman Nguyen Hoa Binh (Shark Binh) for fraud, tax evasion, and accounting violations related to the AntEx crypto project and Nextland real estate.

  4. [CRIME] 8 sources
    Shark Bình and Mr Pips to face trial in major fraud case

    The Hanoi People's Court will trial 188 defendants, including Shark Bình and Mr Pips, starting October 26 in a 15-day case involving 1,600 billion VND in fraud and 320 billion VND in money laundering.

Sources

afamily.vn · baogialai.com.vn · baogiaothong.vn · baolaocai.vn · baoxaydung.vn · cafebiz.vn · cafef.vn · doanhnghiephoinhap.vn · genk.vn · giadinh.suckhoedoisong.vn · hoahoctro.tienphong.vn · htv.vn · kenh14.vn · kienthuc.net.vn · nguoi-viet.com · nhandan.vn · soha.vn · thanhnien.vn · tienphong.vn · tuoitre.vn · vietnamplus.vn · vtv.vn

This summary has been updated 7 times: see revision history