Arrested 3 people for online fraud of nearly 150 billion VND

The defendants created the website hero8.org and called for investment with the purchase price of codes of more than 10 million VND. By the time the group was arrested, 14,000 customer codes had been paid, totaling nearly 150 billion VND.

Regarding the case of capital mobilization and online fraud that occurred in Dong Nai, on October 15, news from the Dong Nai Provincial People's Procuracy said that it had approved the decision to prosecute the accused and issued an order to temporarily detain Nguyen Thi Minh Phuong (38 years old), Pham Thanh Toan (45 years old, both residing in Bien Hoa City, Dong Nai) and Ho Dinh Phu (24 years old, residing in Lam Dong Province) for four months to investigate the act of "using computer networks and the internet to commit acts of property appropriation".

The investigation agency determined that these three defendants had established Phuong Thai An Joint Stock Company (Tan Hiep Ward, Bien Hoa City), organizing capital mobilization to commit online fraud with an amount of nearly 150 billion VND.

According to the initial investigation, in June 2015, Nguyen Thi Minh Phuong invited Pham Thanh Toan and Ho Dinh Phu along with a number of other people to establish a capital mobilization business company. Phuong was assigned as the company's chairman of the board of directors, Toan as the general director and Phu as a technical staff.

Despite having a food business registration license, the above defendants opened the website hero8.org, then recruited employees to call on customers to invest the company's capital through this website to enjoy high interest rates.

Specifically, any investor who wants to participate in the interest must buy a code for 10 million VND, of which 8 million VND is for profit sharing cooperation and 2 million VND must be paid by the investor for the battery fee to activate the system. The company also promises that with the amount of money deposited into each code, within 3 months, investors will receive a profit of nearly 40 million VND, including principal and profit.

Investors who broker additional customers to buy company codes will also receive commission.

With the trick of raising capital online, the above defendants mobilized more than 21,000 customers to register to participate in order to enjoy profits.

According to the investigation agency, by the time this group of defendants was urgently arrested by the Ministry of Public Security in coordination with Dong Nai Police, there were over 14,000 customer codes that deposited money into the defendants' accounts with an amount of nearly 150 billion VND.

Phuong, Toan and Phu took money from later investors to pay earlier investors, then used the money for personal expenses and lost the ability to pay about 30 billion VND.

According to TTO

TTO -