37 people fell victim to a scam by a 'lady' selling cars at cheap prices.

November 15, 2017 18:06

Hoa claimed to have a source for cheap scooters, tricked dozens of people into placing orders, and then embezzled over 35 billion VND.

On November 15th, Tran Thi Quynh Hoa (51 years old) had her appeal rejected by the Ho Chi Minh City High Court, upholding her life sentence for the crime of fraud and appropriation of property.

According to the initial verdict, around the end of 2006, needing money for expenses and to pay off debts for building a house, Hoa conceived the idea of ​​committing fraud. She told family and friends that she could buy motorcycles at prices lower than the market rate, and asked anyone who needed one to buy it for them.

To build trust, Hoa would buy cars from dealerships and then resell them to customers for 2-10 million VND less.

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The court sentenced Hoa to life imprisonment. Photo: Trung Hieu.

Many people ordered cars from Hoa in large quantities, or referred relatives and friends. After receiving their money, Hoa delayed delivery and used the money to pay off debts. In addition, the "lady" also persuaded many people to invest in real estate but then embezzled the funds.

Authorities have identified 37 people who were defrauded of 35 billion VND by her.

A few years ago, the Ho Chi Minh City People's Court initially sentenced Hoa to life imprisonment. This sentence was later overturned due to suspected wrongdoing – as the victims claimed Hoa's daughter was also involved. However, the investigation found no evidence that the daughter knew about her mother's fraudulent activities.

In April, the Ho Chi Minh City People's Court upheld the initial verdict in the second trial. Hoa appealed, requesting a reduction in her sentence.

According to VNE

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37 people fell victim to a scam by a 'lady' selling cars at cheap prices.
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