More people arrested in money laundering ring, many 'super cars' seized

The Thanh Hoa Provincial Police Department's Investigation Agency has just prosecuted 4 more suspects and arrested 3 people in the ring.fraud and appropriation of propertyAssets and money laundering at the illegal stock exchange Fnory.com that the Nhu Xuan District Police (before dissolution) fought and destroyed in early 2025.

The three defendants prosecuted and temporarily detained include: Luong Hoang Duy (born in 1992; residing in Vinh Trach commune, Thoai Son district, An Giang province); Le Quoc Trung (born in 1994; residing in Tan Kieng ward, district 7, Ho Chi Minh City); Nguyen Van Tinh (born in 1990, residing in La Khe ward, Ha Dong district, Hanoi city); prosecuted and banned from leaving the place of residence Nguyen Manh Thang (born in 2001; residing in Hoa Binh commune, Chi Lang district, Lang Son province).

Previously, in January 2025, through the work of grasping the situation on cyberspace, the Police of Nhu Xuan District (Thanh Hoa Province) discovered and coordinated with the professional departments of Thanh Hoa Provincial Police, the police of related districts, towns and cities to mobilize forces to simultaneously arrest 9 people in a fraud ring to appropriate property and launder money through securities investment.

During the investigation, the police of Nhu Xuan district have so far suspended transactions on 20 apartments and villas, seized 13 cars (including many "super cars"), 47 land use right certificates and transfer contracts of various types, 60 mobile phones, 10 laptops, 1 desktop computer and many other related objects and documents with a total value of over 200 billion VND.

From March 1, after the district-level police organization was no longer established, the case was transferred to the Thanh Hoa Provincial Police Department's Investigation Police Office for further investigation and expansion.

Through professional measures, the police force determined that from April 2024 to January 2025, the group of 4 people who were just prosecuted participated in a fraud ring to appropriate assets and launder money at the illegal stock exchange Fnory.com.

In which, Luong Hoang Duy and Le Quoc Trung opened many bank accounts, receiving and circulating money to operate the Fnory.com trading floor with the aim of defrauding and appropriating assets with their accomplices, the total amount of money shared was about 600 million VND.

Nguyen Van Tinh acted as an agent, recruited subordinates, searched for and advised many victims to deposit money to invest in the Fnory exchange, with the aim of working with his accomplices to appropriate the victims' money, the total amount of money shared was about 400 million VND.

Nguyen Manh Thang directly participated in financial and banking transactions and bought and sold a number of assets in order to conceal the origin of the illegal money obtained by the leader of the Fnory trading floor and received a share of about 50 million VND.