Losing money in the stock market, female bank employee defrauded and appropriated company assets

Nghe An Provincial People's Court has just opened the first instance trial of defendant Tran Thi My Linh (born 1992), residing in Truong Thi ward, Vinh city, for the crime of "Fraudulent appropriation of property".

Tran Thi My Linh was a bank employee from 2017 to August 2022. Due to losses in investing in stocks and virtual currencies online, Linh had to borrow money from many people and was unable to repay the debt. Therefore, Linh was sued by many people in court.

The total amount that Linh must pay under the 3 court decisions is more than 6 billion VND.

During the execution of the judgment, Linh could not execute any amount of money, so on November 2, 2022, the Civil Judgment Enforcement Office (CJEA) of Vinh City issued a Decision to enforce and seize the property, which is the Land Use Right (area of ​​more than 65 m2).²) in Truong Thi ward and the attached property is a 2-storey house.

On the same day, the Vinh City Land Registration Office issued a notice to the Land Registration Office requesting that the transfer, mortgage, pledge, transfer, etc. of this property not be processed. At the same time, the unit summoned Linh to the Office to receive the Decision on the enforcement and seizure of the property, but Linh gave the excuse of being busy with family matters and was not present.

On November 9, 2011, the Vinh City THADS Department made a record of the handover of the Decision on forced property seizure and requested Linh to provide the "red book" as prescribed, but Linh did not comply. The reason was that in early October 2022, Linh had mortgaged the "red book" to HT88 Company Limited to borrow 450 million VND.

Although the authorities had issued a decision to enforce the property and the house and land had been seized, from November 21 to December 1, 2022, Linh tricked Mr. Nguyen Ba D. - Director of TH K Company Limited to go to HT88 Company to withdraw the "red book" that Linh was mortgaging, then mortgaged it to Mr. D. to borrow nearly 880 million VND.

Because Linh did not pay her debt on time, Mr. D. called many times to ask her to pay her debt or to transfer the "red book" to the company, but Linh deliberately avoided it.

Mr. D. found out that he had been scammed. The property that Linh had mortgaged had been seized by the Vinh City Department of Real Estate and auctioned off to someone else. Therefore, Mr. D. filed a complaint against Linh for her fraud to the police.

At the trial, the defendant admitted to the crime. The defendant confessed that due to debt and being unable to pay, he committed fraud.

After a comprehensive review of the case, the People's Court sentenced Tran Thi My Linh to 13 years in prison for "Fraudulent appropriation of property".